Mortgage Disclosure Specialist Job Lowell area,Arkansas USA,Finance & Banking

Position: Mortgage Disclosure Specialist 2 - 17973

Mortgage Disclosure Specialist 2

Pay is based on a number of factors including the successful candidate's job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit

Position can be located at 202 S Goad Springs Road in Lowell, Arkansas or at 525 S Main Street in Tulsa, Oklahoma.

Position is Monday through Friday 8 am to 5 pm with additional hours as needed.

Summary: Under the supervision and direction of the Mortgage Disclosure Supervisor, the Mortgage Disclosure Specialist 2 determines the eligibility of the requested changes to fees and charges and processes the Change of Circumstance requests within established timelines. The incumbent performs compliance assessments in relation to federal and state regulations. The Mortgage Disclosure Specialist 2 must remain current on the changes in mortgage industry compliance in order to ensure minimal risk exposure.

Essential Duties and Responsibilities: include the following. Other duties may be assigned.

Determine RESPA eligibility of requested changes and process changes within the established time frame. Ensure system is correctly updated with eligible fee changes. Determine if baseline is affected by the changes, thereby updating system as required.

Issue updated regulatory disclosures by making any eligible applicable changes to fees (eligible change of circumstance), charges and values as needed ensuring disclosures are generated and provided to our customers within regulatory guidelines.

Coordinate with operations on the delivery of subsequent TRID Loan Estimates to customers, thereby ensuring disclosures are delivered to customers within requested closing dates while meeting regulatory requirements.

Work with lenders, assistants and production operations associates to answer questions and/or offer guidance regarding loan status, fees, Change of Circumstance or other related requests.

Generate daily compliance related reports and ensure all initial disclosures, subsequent Loan Estimate's (LE's), and any changes are correctly reflected and placed in the correct section of the LE. Ensure the Change of Circumstance requests are completed within regulatory guidelines and/or meet the mortgage business unit's needs.

Serve as a point of contact for mortgage business unit to solve Mavent compliance failures to ensure no negative impact on salability of the mortgage loan to the Secondary Market.

Identify needed Disaster Reports on loans in current pipeline by monitoring Presidentially Declared Disaster Areas, ensuring reports are ordered and correct fees to borrowers are disclosed.

Maintain current working knowledge of secondary marketing guidelines in relation to: TRID, REG B and HMDA.

Provide assistance and back-up support to Specialist 1 on complicated, regulatory compliance disclosure questions.

Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but it not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.

Team Accountabilities:

Support and uphold the Arvest Mission Statement.
Uphold the Arvest Code of Ethics and ensure that confidential information is safeguarded.
Maintain a high level of cooperation and rapport with all associates in order to ensure accurate and efficient operations and service.
Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the company's overall operation.
Promote professionalism at all times.

Qualification Requirements:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Education and/or Experience:

High School Diploma or General Education Diploma (GED) required.
1 year of experience as a Mortgage Disclosure Specialist 1- or 3- years of mortgage experience required.
Successful completion (within the first 90 days) of the following ABA classes: RESPA, ECOA (Reg

B), Reg Z Overview, and HMDA required.
Working knowledge or REG Z, RESPA, REG B and HMDA preferred.
Mortgage compliance experience preferred.

Other

Skills and Abilities

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Must be able to arrive at work on time, work on site and have regular work attendance
Must be able to work cooperatively with other co-workers regardless of personality, presence or communication style
Must be able to provide cordial customer service regardless of customer personality presence or communication style
Must be able to perform several tasks t be able to organize and…