If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!
Position Overview
The Document Review Specialist provides post closing audit review of loan documentation within the real estate loan delivery process under supervision. In order to maintain strict compliance with federal, state and local regulatory lending guidelines and SECU lending policies, review is completed on all signed closing documentation, supporting documentation collected during loan processing and underwriting, and closing fee consolidation reports. You are responsible for managing loans from disbursal through loan boarding and final loan documentation storage.
Responsibilities
The Document Review Specialist maintains regular internal communication with all Real Estate Lending, Loan Originations, and Loan Servicing departments regarding real estate loan documentation, disbursements, as well as lien and collateral security.
External Relationships:
The Document Review Specialist maintains regular external communication with closing agents regarding loan settlement and disbursements, executed closing documentation, and title perfection. Communication with state and local government agencies as well as other external agents will also be needed on a regular basis to verify lien and collateral security.
Required Education:
Associate Degree
Additional five years of relevant experience can be considered in lieu of degree
Desired Education:
Bachelors Degree in Business, Economics, Mathematics, Scientific or related field of study
Required Relevant Experience:
1 year
Desired Relevant Experience:
2 years
Required Knowledge, Abilities, Skills:
2 years prior banking experience including at least 1 year prior experience in a lending related role such as loan origination and/or underwriting (consumer or real estate), loan closing, loan post closing, or loan servicing.
Special Position Requirements:
Disclaimer
State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.
Position Overview
The Document Review Specialist provides post closing audit review of loan documentation within the real estate loan delivery process under supervision. In order to maintain strict compliance with federal, state and local regulatory lending guidelines and SECU lending policies, review is completed on all signed closing documentation, supporting documentation collected during loan processing and underwriting, and closing fee consolidation reports. You are responsible for managing loans from disbursal through loan boarding and final loan documentation storage.
Responsibilities
- 35% - Complete audit review of executed real estate closing packages and supporting loan documentation to verify regulatory compliance and SECU policies, ensuring fair and responsible lending as well as accurately secured lien-position and collateral. This includes TILA and RESPA (TRID/Regulation X and Z).
- 20% - Audit SECU closing fees and escrow related disbursements against the closing settlement disbursement summary and executed Closing Disclosure/HUD. Report any discrepancies discovered and verify with the appropriate closing agent where discrepancies should be refunded or expensed during loan booking. Documentation will be re-disclosed if necessary in compliance with Truth-in-Lending regulatory guidelines.
- 20% - Account for trailing documentation and corrections, maintaining clear and concise record keeping of all executed real estate closing packages and outstanding correction items through consolidated department tracking databases. Record keeping will also include filing and organization of all physical documentation prior to permanent storage.
- 15% - Communicate with internal departments and external closing agents to resolve documentation discrepancies and submit any documentation in need of re-execution to the appropriate closing agent.
- 10% - Field incoming inquiries regarding closing documentation and loan disbursements from members, internal departments, and closing agents.
The Document Review Specialist maintains regular internal communication with all Real Estate Lending, Loan Originations, and Loan Servicing departments regarding real estate loan documentation, disbursements, as well as lien and collateral security.
External Relationships:
The Document Review Specialist maintains regular external communication with closing agents regarding loan settlement and disbursements, executed closing documentation, and title perfection. Communication with state and local government agencies as well as other external agents will also be needed on a regular basis to verify lien and collateral security.
Required Education:
Associate Degree
Additional five years of relevant experience can be considered in lieu of degree
Desired Education:
Bachelors Degree in Business, Economics, Mathematics, Scientific or related field of study
Required Relevant Experience:
1 year
Desired Relevant Experience:
2 years
Required Knowledge, Abilities, Skills:
- Minimum 1 year prior banking experience
- General understanding of Federal Regulatory Lending Guidelines including Regulation B (ECOA), Regulation Z (TILA), Regulation P (GLBA and CFPB), and UDAAP guidelines
- Ability to gain understanding of additional Federal Regulatory Lending Guidelines including but not limited to Regulation C (HMDA), Regulation X (RESPA), the Biggert-Waters Act and HFIAA, and Regulation H (SAFE Act)
- Ability to gain understanding of State Specific Regulatory Lending Guidelines including the Georgia Residential Mortgage Act and North Carolina General Statutes 41A-4 and 45A-5
- Ability to enter and interpret data within Mortgage Origination and Servicing Systems
- Ability to enter and interpret data across the Microsoft suite of software, especially within Access and Excel
- Familiarity with Adobe Acrobat and ability to scan, read, open, comment, and save PDF documents
- Ability to navigate phone queue software
2 years prior banking experience including at least 1 year prior experience in a lending related role such as loan origination and/or underwriting (consumer or real estate), loan closing, loan post closing, or loan servicing.
Special Position Requirements:
- Sitting for prolonged periods
- Bending/Standing for prolonged periods
- Carrying up to 20 lbs
- Lift up to 20 lbs
- Push/Pull up to 20 lbs
- Filinig for prolonged periods
- Telephone for prolonged periods
- Computer/typing for prolonged periods
Disclaimer
State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.