Disclosure Desk Specialist
About The Position
Shore United Bank is seeking a full-time Disclosure Desk Specialist to join their team. The Mortgage Disclosure Specialist will report to the Disclosure Desk Team Lead. This role is a central part of the loan process to ensure compliance with TRID and additional federal, state and local disclosure regulations. They will support daily operations to ensure initial and re-disclosure packages are completed accurately and are provided to clients in a timely manner per guidelines. The ideal candidate will possess experience with residential mortgage application disclosures and a strong understanding of requirements for redisclosure/change of circumstances. This role maintains effective communication with members, business partners, and team members to uphold Shore United Bank’s commitment to quality customer service.
Requirements
- High school diploma/GED equivalent.
- Minimum 2 years of recent experience (within the last 3 years) in Mortgage Lending with at least 1 year of experience in Loan Disclosures.
Nice To Haves
- Experience with residential mortgage application disclosures
- Strong understanding of requirements for redisclosure/change of circumstances
Responsibilities
- Prepare and review disclosure packages including the Loan Estimate
- Review disclosure related data entered in the Loan Origination System (“LOS”) for accuracy
- Ensure proper loan set-up within the LOS and loan structure is accurate according to loan program and type
- Review files submitted for re-disclosure in adherence to regulatory compliance requirements and internal company policies and procedures
- Determine and document validity of changed circumstances by collaborating with origination staff, processing, or underwriting as necessary to determine the root cause and timing of the changed circumstance
- Monitor Disclosure Desk work queue and e-mail to support all team members within prescribed service level agreement timeframes
- Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, SAFE Act, etc.; ensures that the office and all personnel adhere to the same.
- Participates in required training sessions, including training for compliance with BSA/AML policies and procedures.
Benefits
- Team environment
- Collaborative and friendly place to work
- Comprehensive benefits package
- Health insurance
- Dental insurance
- Vision insurance
- Company-paid life insurance
- Mental health well-being
- Company paid short-term and long-term disability
- Paid parental leave
- 401k savings plan with up to a 4% company match
- Employee Stock Purchase Plan
- Education Assistance
- Employee banking services
- Loan discount program
- Career development program
- Employee Assistance Program
- Wellness initiatives
- Opportunity for growth and advancement
- Paid training program
- Continuous training sessions throughout the year on various topics
- Generous paid time off
- Paid sick time
- Community involvement opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
