Mortgage Disclosure Coordinator

Howard Hanna•Mayfield Heights, OH

64d•Hybrid

About The Position

Evaluate all information supplied by Mortgage Loan Originator, Operations staff and settlement agents to ensure loans are compliant and meet company, agency, investor, RESPA, TILA. Ensure all loans are Qualified Mortgage/ATR compliant as established by the CFPB. Redisclose any allowable change circumstances within 3 days of receipt of information. Send initial disclosures for some markets.

Requirements

Minimum of a high school diploma and up to 3 years of mortgage banking experience, preferable in loan processing or compliance.
Good oral, written and phone communication skills
Ability to interact effectively with customers and other company staff to solve problems and contribute to the team. Analytical ability, with aptitude for figures.
Computer skills
Manage workload and meet deadlines.

Responsibilities

Review loans received in Initial Disclosure Queue. Ensure accuracy of fees and send initial disclosure package to borrower.
Monitor loan applications that need to be disclosed to ensure all are disclosed within 3 days of application.
Redisclose the Loan estimate within 3 days of receipt of the title commitment and fees to reflect accurate title company fees for affiliated title companies
Redisclose the Loan estimate within 3 days of receipt of any loan and fee changes that require redisclosure.
Review the qualified mortgage and ability to repay fields in loan origination systems to ensure loan meets QM/ATR requirements including APR fees
Review compliance ease report to confirm loan meets QM/ATR requirements
Review and makes adjustments if "Points and Fees" thresholds are exceeded due to the default affiliate fees
Review the individual service providers listed and make a determination as to what adjustments if any are required to be made to the selection of third-party providers.
Perform all other duties and tasks as may be directed by the employee's supervisor and/or management.

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