Disclosure Specialist I

First Merchants Corporation•Fort Wayne, IN

About The Position

First Merchants Bank is seeking a Disclosure Specialist I to join our team! This position will support daily operations by ensuring disclosure packages are completed accurately and provided to consumers in adherence with TRID (TILA-RESPA Information Disclosure) and additional federal, state and local disclosure regulations.

Requirements

High School Diploma or equivalent (GED).
A minimum of one (1) year industry experience.

Responsibilities

Prepare and review initial disclosure packages including the LE (Loan Estimate).
Review disclosure related data entered within the LOS (Loan Origination System).
Ensure the proper delivery of the disclosure package to consumers via ESIGN, in person, or mail.
Update the LOS to document that the required disclosures were generated and provided to the consumer.
Prepare and review daily reports to confirm all disclosures have been processed timely.
Review files submitted for re-disclosure in adherence to regulatory compliance requirements and internal company policies and procedures.
Determine if a bona fide changed circumstance occurred by working with the processing, underwriting, and closing departments to determine the cause and timing of the changed circumstance.
Review fee changes to determine compliance with TRID changed circumstance and tolerance requirements.
Monitor and provide revised LEs within three (3) days of a changed circumstance (including rate locks) and update the LOS to document the changed circumstance and LE delivery timing.
Run automated compliance testing and escalate negative results to the Regulation and Compliance Department.