Summary pmp is seeking a mortgage disclosure desk specialist to support daily operations that ensure initial disclosure packages are completed accurately and are provided to consumers in a timely mannerThis role is a central part of the loan process to ensure compliance with trid and additional federal, state and local disclosure regulationsThe ideal candidate will possess extensive experience with residential mortgage application disclosures and a strong understanding of requirements for redisclosureAdditionally, qualified individuals should have an excellent understanding of trid requirements and possess a working knowledge of regulations, laws, and industry practices applicable to residential mortgage lendingPrimary responsibilities
Prepare and review initial disclosure packages including the loan estimate. Review disclosure related data entered into the loan origination system (“los”) for accuracyEnsure proper loan set-up within the los and loan structure is accurate according to loan program and type. Input good faith fee data and prepare impounds and prepaid taxes/insurance to ensure correct figures are disclosed. Ensure the proper delivery of the disclosure package to consumers via esign, in person, or mail. Update the los to document that disclosures were generated and provided to the consumer. Prepare and review daily reports to confirm all disclosures have been processed in a timely manner. Review files submitted for re-disclosure in adherence to regulatory compliance requirements and internal company policies and procedures. Determine if a bona fide changed circumstance occurred by working with the processing, underwriting and closing departments to determine the cause and timing of the changed circumstance. Review fee changes to determine compliance with trid changed circumstance and tolerance requirements. Run automated compliance testing and escalate negative results to the regulation and compliance department. Monitor and provide revised loan estimates within three days of a changed circumstance (including rate locks)Update the los to document the changed circumstance and loan estimate delivery timing. As required, prepare daily pipeline status reports for operations, compliance, and senior management. Develop working knowledge of new or amended statutes and regulations, including changes involving regulation x and regulation z. Assist with reviewing policies and procedures and los functionality and making necessary modifications. Responsibly maintain the confidentiality and privacy of loan applicant information. Additional duties may be added, as required.
Required characteristics of our ideal candidate
Strong organization skills and detail oriented. Ability to handle multiple tasks simultaneously and work under tight deadlines for multiple clients. Ability to communicate clearly and efficiently, both verbally and written. Ability to adapt or change approach or method to best fit the situation in a fast-evolving environment with multiple clients. Can work independently with minimal supervision. Proactive, energetic and resourceful. Works with integrity, making sure to maintain confidentiality of sensitive information.
Education & experience
High school diploma or equivalent required, associate or bachelor’s degree preferred. At least 1-5 years of prior experience of relevant mortgage operations experience. Strong knowledge and understanding of compliance and regulatory requirements applicable to consumer lending and other mortgage related laws and regulations, including but not limited to: tila/trid, respa, ecoa, hmda, fcra, facta, esign, etc. Strong working knowledge of mortgage loan production and associated operational requirements. Experience using a mortgage los. Strong computer skills and familiarity with microsoft office suite of products, including word, excel, outlook and powerpoint.
Salary range: Salary range for this role is $50,000 - 65,000 per year Other compensation: Competitive sign-on bonus for this role Production bonus offered for this role Benefits: We offer a competitive benefits package to all full-time employees
Medical, employer covers 90% of premiums Dental, employer covers 90% of premiums Vision, employer covers 90% of premiums 401k with employer match Unlimited personal time off Short-term & long-term disability Paid parental leave Bonus programs available for eligible employees
Promontory mortgagepath llc is an equal opportunity employer minority/female/disability/protected veteran