Mortgage Disclosure Specialist I

Centennial Bank•, TX

1d•Onsite

About The Position

The Mortgage Disclosure Specialist I will ensure compliance with the TILA-RESPA Integrated Disclosure Rule (TRID), as well as other applicable state, federal and government regulations. This position ensures that the initial disclosures, as well as valid Change of Circumstance documents, are prepared accurately and are provided to consumers within required timeframe. The Mortgage Disclosure Specialist I will also input and review data for accuracy and correct any discrepancies before disclosures are provided to consumers.

Requirements

High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc, plus 2 years related experience and/or training, or equivalent combination of education and experience.
Ability to read, analyze, and understand general business/company related articles and professional journals; Ability to speak effectively before groups of customers or employees.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to prepare and interpret bar graphs.
Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature.
Mastery: Word Processing/Typing
Intermediate: Presentation/PowerPoint, Spreadsheet

Responsibilities

Prepare and complete Initial Disclosure Packages and Initial Loan Estimate.
Responsibly maintain consumer's confidential personal and financial information.
Ensure proper loan set-up within the Loan Operating System (LOS).
Research and input tax/insurance information to ensure correct figures are disclosed.
Send out disclosure package to consumers via E-Disclosures, or notify Mortgage Loan Originators that the disclosure package is ready to be provided to consumers via mail or in-person.
Monitor, identify, and validate Change of Circumstance documents, and if needed, re-disclose Loan Estimates and Change of Circumstances within 3 days of revisions.
Review fee changes in accordance to TRID Change of Circumstance guidelines.
Perform a compliance review of each file for loan officer prior to submission to Operations.
Work with Mortgage Loan Originators and/or Processors to obtain updated documentation/fees, as applicable, per Change of Circumstance.
Ensure disclosure creation and reviews are performed according to Centennial Bank standards outlined in applicable policies and procedures.
The ability to work in a constant state of alertness and in a safe manner.
Completes required BSA/AML training and other compliance training as assigned.
Perform any other related duties as required or assigned.