Disclosure Specialist

MSC SERVICES LLC • Colorado Springs, CO

6d • $18 - $20 • Onsite

About The Position

The Disclosure Specialist is a vital part of our loan processing team. You will be responsible for reviewing incoming loan applications, ensuring the accuracy of all information, and issuing initial disclosures in compliance with all state and federal regulations. This role requires a professional who is highly detail-oriented and understands the complexities of mortgage regulations. You will also manage the Notice of Incomplete and Notice of Action processes to ensure all regulatory requirements are met.

Requirements

• Technical Knowledge: Strong knowledge of credit applications, credit reports, and mortgage application documents, including compliance.
• Industry Knowledge: An understanding of mortgage operations and a desire to learn and grow within the industry.
• Software Proficiency: Proficient with Microsoft Office and web-based software applications.
• Problem-Solving: The ability to effectively communicate and resolve issues that are inconsistent with guidelines.
• Customer Service: A customer-service-oriented approach with excellent interpersonal skills.
• Self-Motivated: A motivated self-starter with a reliable and responsible approach to your work.
• Organizational Skills: Exceptional organizational skills with a strong attention to detail.
• Time Management: The ability to prioritize your workload and meet strict deadlines.
• High school diploma or equivalent is required.

Nice To Haves

• At least one year of previous mortgage experience is preferred.

Responsibilities

• Effectively communicate and explain loan application deficiencies to loan officers and business partners.
• Review documents for accuracy and compliance.
• Adhere to regulations: Understand and strictly adhere to RESPA, TRID, Dodd-Frank, and HMDA regulations.
• Confirm documentation meets the company's minimum requirements.
• Generate accurate initial disclosures within mandatory time frames.
• Perform file reviews and complete a quality application audit.
• Prep the loan file for initial underwriting submission.
• Manage communication with loan officers, account executives, and business partners as needed.
• Ensure all work is performed within company guidelines and standards.
• Understand and review a 1003 (URLA), 1008, and borrower loan documentation.
• Issue and manage Notice of Incomplete Application Notifications and Action Notices.
• Notify applicable parties of incomplete transaction information or needed corrections.
• Monitor the receipt of minimum document requirements for submission to underwriting.
• Maintain strict confidentiality of all financial data.
• Understand when a Change of Circumstance is needed on both Wholesale and Retail loans by reviewing daily lock reports and system alerts.
• Regular, reliable and predictable attendance is an essential function of this role.
• Perform other duties as assigned.

Benefits

• MSF offers a comprehensive benefit package and PTO (paid time off) for eligible employees.
• The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, Life and AD&D coverage, voluntary Short-Term, Long-Term Disability and Supplemental insurance.
• In addition, eligible employees have the option to participate in a company retirement plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 101-250 employees