Disclosure Specialist

Responsibilities

• Enter all data on new loans as received into the computer system as needed for initial submission through the appropriate Mortgage Loan Originators.
• Print and mail initial application disclosures to customers, as required, for new loans.
• Review Change of Circumstance and Re-disclose as applicable to Federal and State laws throughout the loan process including, but not limited to, rate locks, extensions, approvals, commitments and APR changes.
• Register loans and obtain FHA and VA I.D. numbers as applicable.
• Order credit report and private mortgage insurance from Company approved service providers as required by the loan approval.
• Order Compliance and Fraud reports as needed.
• Contact borrowers for any outstanding conditions as requested by the Underwriter or Processor.
• Complete income calculation worksheets.
• Enter all required data into the computer system which is needed to obtain complete and accurate initial Closing Disclosures or Re-disclosures of CD.
• Review Homeowners Insurance policies for sufficient coverage and information.
• Review Tax Certificates to determine if taxes are paid or if they need to be collected at closing.
• Stay up-to-date with all regulatory RESPA-TILA/TRID changes and ensure all disclosures are in compliance.
• Calculate closing figures.
• Print and mail initial and/or revised closing disclosures to customer as required.
• Maintain all queues to Companys Service Level Agreement (SLA).
• Complete all Company mandatory trainings within the required timelines.