Mortgage Disclosure Specialist

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

MORTGAGE PROCESSING Full Time Professionals Taunton, MA, US

Salary Range: $24.75 To $32.16 Hourly

Department:

Mortgage Processing

Reports To:

Mortgage Closing Officer

Under the general supervision of the Mortgage Closing Manager, performs duties related to the preparation, delivery, tracking, and maintenance of required mortgage loan disclosures throughout the loan process. Ensures timely and accurate delivery of initial and revised disclosure packages, including but not limited to Loan Estimates, Closing Disclosures, appraisal notices, and other required regulatory communications. Supports the Bank’s regulatory compliance objectives by adhering to applicable federal and state mortgage lending regulations and internal policies and procedures.

• 1.Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and the community in which it serves.
• 2.Reviews mortgage loan application data for completeness and accuracy in order to prepare required disclosure packages.
• 3.Prepares and sends initial and revised mortgage disclosures to applicants and borrowers within required regulatory time frames.
• 4.Ensures compliance with applicable mortgage lending regulations, including but not limited to Regulation Z (Truth in Lending Act / TILA), TRID disclosure requirements, Regulation B (Equal Credit Opportunity Act / ECOA), RESPA, HMDA, Fair Lending requirements, and appraisal disclosure requirements under Regulation
  
  B.
• 5.Prepares and delivers Loan Estimates, Closing Disclosures, notices of intent to proceed, appraisal disclosures, change of circumstance disclosures, re-disclosures, and other required loan documentation.
• 6.Monitors disclosure timelines to ensure compliance with federal waiting periods and delivery requirements, including the three-business-day Loan Estimate requirement and applicable Closing Disclosure timing requirements.
• 7.Reviews loan files for events that may trigger revised disclosures and coordinates with lending staff to ensure timely and accurate re-disclosure when required.
• 8.Tracks borrower acknowledgment and receipt of disclosures through the Bank’s loan origination system and electronic delivery platforms.
• 9.Coordinates with Mortgage Consultants, Processors, Underwriters, Closing staff, and third-party vendors to obtain information necessary to prepare accurate disclosures.
• 10.Maintains electronic loan files and documents all disclosure activity in accordance with Bank policies, investor guidelines, and regulatory requirements.
• 11.Assists with quality control reviews of disclosure packages to identify data discrepancies, fee tolerances, and potential compliance concerns.
• 12.Communicates with borrowers, internal staff, and external parties regarding disclosure status, missing information, and required follow-up items in a professional and timely manner.
• 13.Supports internal audits, compliance reviews, and examinations by maintaining complete and accurate disclosure records.
• 14.Maintains an acceptable registration with the National Mortgage Licensing System (NMLS), as well as, the unique identifier assigned by the NMLS, if required by the position.

• 1. Perform related and unrelated duties as may be required and/or assigned.

High School diploma, or its equivalent, plus specialized course work and training. One plus years banking or related lending experience. Experience with Encompass a plus. Must be detail oriented…