Disclosure Specialist
Role Overview
The Disclosure Specialist is responsible for reviewing new loan applications, verifying documentation, and preparing accurate initial disclosures in accordance with company policies and federal and state regulations. This position also manages Notice of Incomplete Application and Notice of Action processes while ensuring files are complete and ready for underwriting.
Essential Functions
- Loan Review & Disclosure Preparation
- Review incoming loan applications for completeness, accuracy, and compliance
- Generate initial disclosures within required regulatory timeframes
- Review borrower documentation to confirm minimum submission requirements
- Perform quality audits on loan applications prior to underwriting submission
- Prepare loan files for initial underwriting review
- Compliance & Regulatory Support
- Ensure compliance with RESPA, TRID, Dodd-Frank, HMDA, and company policies
- Review Uniform Residential Loan Applications (URLA/1003), Form 1008, and supporting borrower documentation
- Identify and process Changes of Circumstance by reviewing lock reports and system alerts
- Maintain strict confidentiality of borrower financial information
- Ensure all work is completed in accordance with company guidelines and regulatory requirements
- Communication & File Management
- Communicate loan application deficiencies to Loan Officers and business partners
- Manage Notice of Incomplete Application Notifications and Action Notices
- Notify applicable parties of missing documentation or required corrections
- Monitor receipt of required documentation needed for underwriting submission
- Partner with Loan Officers, Account Executives, and internal teams to resolve file issues and maintain production timelines
Why Disclosure Specialists Choose MSF
At Mortgage Solutions Financial, accuracy is the foundation of every successful loan. Our Disclosure Specialists play a critical role in ensuring borrowers receive timely, accurate disclosures while maintaining compliance with complex mortgage regulations. If you're someone who enjoys working with details, thrives in a fast-paced environment, and takes pride in protecting both the borrower experience and regulatory integrity, you'll find a rewarding career on our Set Up team.