JOB SUMMARY: Responsible for verifying
all disclosures and fees from Loan Officers, and ensuring that all prospective
loans conform to federal and state loan guidelines.
ESSENTIAL JOB FUNCTIONS:
Utilize practical understanding of the loan process
and loan specific guidelines as well as specific information received from Loan
Officers to review and prepare initial consumer disclosures as required.
Review items for accuracy that
are populated in the mortgage loan origination system (LOS),
such as loan amount, interest rate, taxes, insurance and all other
applicable fees which includes the purchase agreement (if applicable), quotes,
construction cost estimates.
Update mortgage loan
origination system to document and notify the appropriate parties
that disclosures have been provided to
Responsible for any
changes to loan
(change of circumstances) and re-disclosure as required.
Prepare and review
daily reports to confirm all disclosures have been processed
in a timely manner
Track changes that occur after Initial Disclosure and Re-disclosure
Calculate fee calculations and tolerance levels and
ensure information input correctly into system.
Send out completed closing disclosure notices to all necessary parties.
Review and clear compliance fails, alerts, and warnings during disclosure and as requested by the Mortgage Loan Processor.
Assist with ordering and monitoring setups and post-closing as needed
REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
3+ years’ mortgage experience and closing experience
Advanced knowledge of mortgage lending guidelines and
regulations (FHA, VA Conventional, USDA, FHLMC, FNMA and Investors)
Knowledge of the new TRID regulations and or TILA,
RESPA, RESPA Reform,
Practices and Timing, Federal Compliance Regulations.
Other mortgage compliance regulations
Excellent verbal, communication, documentation and interpersonal and
team player skills
Superior attention to detail and accuracy
Knowledge of Encompass LOS preferred
Professional in manner and appearance.
Physical Demands- While performing
the duties of this job, the employee is regularly required to stand; walk; sit; use of hands and fingers
to feel or handle equipment and files; reach with hands
and arms and talk and hear. The employee
is occasionally required
to climb or balance and stoop, kneel, crouch or crawl. The employee must
regularly lift and/or move up to 2.5 pounds. The employee occasionally lifts
and/or moves up to 10 pounds. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions.