Experience
-3 yrs required
Location
San Mateo, CA, United States
Posted on
Sep 15, 2020
Profile
Disclosure Specialist
The candidate primary function is to ensure all required federal and state-specific initial and re-disclosures are accurately prepared and provided to borrower(s) within applicable statutory timeframes. Due to the highly regulated nature of the mortgage business, the mortgage disclosure specialist is responsible for the initial and application compliance documents in the loan file. Provide regulatory disclosures for mortgage loans in accordance with regulatory requirements. Initiate timely disclosure of new applications to be in compliance with state and federal regulations. This includes preparing initial GFE and TiL disclosures, mailing and uploading them into the loan system. Frequent communication with the loan officer and processor in order to obtain all necessary loan information to create accurate and timely initial disclosures and redisclosures. Screen borrower names through fraud system to comply with OFAC policy. Perform borrower Risk Ratings. Order appraisals, flood certificates, credit reports, verbal verifications of employment, tax transcripts and legal work for all loan files, as needed. Attend weekly pipeline meetings with other key department personnel. Monitor pipeline daily to ensure all deadlines are met. Review the change of circumstance request and determine its validity in accordance with RESPA/TiL Regulations. Provide redisclosure in a timely fashion, mail to clients, and upload to loan file. Upload client information including to tax returns, bank statements, etc. into the loan processing system.
Company info
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