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SalaryA developing position working closely with the Mortgage Processing Manager to accurately disclose and prepare documents for borrowers while following regulatory compliance. Entry level position providing initial disclosures with accurate fees and specific loan information for the subject property state and market area. Disclosures to be provided to the Borrower within the regulatory timeframe required.
A Mortgage Loan Disclosure Specialist may be trained and required to order additional services on the file such as appraisals, flood certifications and or title work. Performs all duties in accordance with established lending objectives, policies and procedures as well as supports and upholds credit policy and all Federal and State Lending Regulations.
Responsibilities are performed in a professional, mature matter, at all times maintaining customer confidence.
Responsibilities:
Develops a working knowledge of fees associated FNMA, FHLMC, FHA, USDA, VA and State sponsored down payment and other assistance programs through training and development.
Will be able to review file when received and prepare appropriate and required disclosures based on file type. Once prepared, disclosures will be sent to the Borrower (s) within the prescribed regulatory timeframe.
Will develop competencies that allow them to begin to review and analyze all aspects of the fess required for different states and different loan programs.
Effectively document and use the Encompass processing system as required.
Through training and education, will recognize and apply legal, regulatory procedures are compliant practices meet all Federal and State standards.
Provide quality customer service by answering questions for external and internal customers in a timely and professional manner.
After an appropriate period of training, should be able to prepare a complete and correct disclosure packet without oversight or review.
Central Bank offers a competitive benefits program.
Clickherefor employee benefit information.
This position starts at $32,868 per year and can increase from there depending on experience.
Extensive knowledge of mortgage loan documentation, the mortgage loan process, and regulatory compliance issues
Current experience/knowledge base of initial disclosures and the Affiliate Fulfillment Center (AFC) process is recommended
Excellent communication and customer service skills
Ability to maintain strict confidentiality in administrative and customer issues
Problem solving, decision-making skills
Extensive knowledge of the loan process
Technical know-how, training and excellent computer skills
