Disclosure Specialist

About Republic Bank

Republic Bank’s values are built upon making an IMPACT for our clients, our associates, and the communities we serve. (IMPACT stands for Innovate for the Future, Make it Easy, Provide Exceptional Service, Acknowledge & Celebrate Success, Commit to Caring, and Thrive Together). The associates of Republic Bank are the key to our success as an organization and we value our associates. It’s one of the reasons we’ve been named as one of the Best Places to Work in Kentucky for ten years!

POSITION PURPOSE AND OBJECTIVES

The Disclosure Specialist is responsible for monitoring the timely disclosure of all initial disclosures and change of circumstances within the Loan Origination System and ensuring they are delivered accurately, fully complying to all applicable federal and state regulations while maintaining exceptional customer experience by specializing in the mortgage disclosure process.

Essential Job Functions And Responsibilities

• Maintain a thorough knowledge of Bank products, services, policies, procedures, and appropriate regulatory issues as related to daily job functions.
• Provide guidance to management when errors or discrepancies are identified and revisions to any policies and procedures along with responding to questions relating to those policies and procedures.
• Responsible for preparing a loan estimate with each new loan application and send initial disclosures including the Loan Estimate, are delivered to the borrower based on the selected loan program within the allowed government regulated time frame.
• Communicate with originators, secondary marketing and processing regarding data entry or pricing discrepancies within the Loan Origination System.
• Review compliance Audit Worksheet for each loan to determine all regulatory guidelines are within limits (Example, HPML, Safe Harbor, QM, etc.).
• Ensure all HMDA data is current and correct at the submission of the loan application.
• Responsible for reviewing rate lock confirmations for accuracy.
• Responsible for setting up the loan file with the accurate fees according to the selected loan program and other loan parameters.
• Follow all procedural guidelines set by management.
• Responsible for reviewing and maintaining multiple pipelines and tasks to ensure work is completed timely per the set Service Level Agreements set by the department manager.
• Responsible for updating all fees and redisclosure on the Loan Estimate, if applicable, when a valid Change of Circumstance occurs.
• Maintain knowledge of loan programs offered through the bank (i.e.: Conventional, Portfolio, Equity, FHA, KHC and VA loans).
• Ensure the quality of work meets Quality Control goals with 10% or less errors categorized as Significant errors and 15% or less errors categorized as Moderate errors.
• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.
• Model and foster behaviors that support the Bank’s values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.
• Willingly perform all other duties and projects as assigned.

Interpersonal Skills And Competencies Required

• Excellent verbal and written communications skills for effective interactions with clients, associates, and vendors and/or resolve problems or complaints.
• Adept at adapting to changes in policies and procedures.
• Self-motivated and capable of working well in a team environment.
• High energy level and strong sense of urgency; ability to work with situations on a “rush” notice.
• Organized and able to multitask.
• Excellent ability to deal with client’s issues, questions, and/or complaints.

Physical Requirements

• Sit, use hands to finger, handle, or feel;
• Talk or hear;
• Frequently stand or walk;
• Occasionally reach with hands and arms;
• Occasionally lift and/or move 10 pounds;
• Close vision, and distance vision;
• Moderate noise level in the work environment;

Other Requirements

• Travel between Republic Banking facilities may be required including occasional out of town travel.
• Flexible work schedule may include some evenings, weekends and/or overtime.
• Stay abreast of new developments, best practices, and statutory and regulatory changes.