RE-DISCLOSURE SPECIALIST - JOB DESCRIPTION
Position Title: Re- Disclosure Specialist
Reports to: Compliance Manager
Status: Regular, Full
Pay Grade: Hourly (DOE)
Department: Re-Disclosure
FLSA Status: Non-Exempt
Title Grade: Entry or Junior
Schedule: M-F 9am-5pm Hybrid
Location: Ann Arbor, MI 48105
Compensation: $18.00 per hour
SUMMARY amp; PURPOSE OF POSITION
The Re-Disclosure Specialist is primarily responsible for ensuring all required federal and state- specific disclosures are correctly prepared and provided to the appropriate party within mandated timeframes and in compliance with all internal and external guidelines and policies.
PRIMARY POSITION-SPECIFIC RESPONSIBILITIES
๏ Monitor the Re-Disclosure Queue which includes but is not limited to the following pipelines: โRedisclosure DeskโRedisclosure Pendingโ and โRedisclosure DeskโTBD Loansโ;
๏ Determine if loans in Redisclosure DeskโRedisclosure Pending queue present an acceptable changed circumstance (within 3 day TRID timeframe) and/or if re-disclosure is required;
๏ Communicate the need for re-disclosure to all parties requiring notification (Loan Officer and Loan Processor) through internal ticketing system - Zendesk;
๏ Monitor re-disclosure process and corresponding timeline (3-day TRID timeframe);
๏ Prepare Change of Circumstance form(s) (COC) and send required COC and any applicable disclosures (LE and State Required Documents) to appropriate parties (Borrower and/or Loan Officer (if applicable);
๏ Ensure all parties requiring said disclosure documents are in receipt thereof;
๏ Address any calls, emails, messages or questions related to the redisclosure process;
๏ Complete other duties as assigned.
ESSENTIAL SKILLS AND EXPERIENCE
๏ High School diploma or equivalent required;
๏ At least three (3) years of prior experience in the mortgage lending industry;
๏ Must have exceptional attention to detail and strong organizational skills;
๏ Must be dependable with meeting deadlines and managing time;
๏ Have an ability to multi-task;
๏ Possess strong oral and written communication skills.
PREFERRED EDUCATION/EXPERIENCE
๏ A Bachelorโs Degree from an accredited college or university;
๏ Understanding of current mortgage industry-related regulatory law a plus;
๏ At least five (5) years of prior experience in the mortgage banking industry with at least (2) years of experience serving in a disclosure position a plus;
๏ Knowledge of Encompass 360 LOS a plus.
PHYSICAL DEMANDS/ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The environment is characteristic of an office setting with moderate noise levels. Individuals must be able to work flexible hours including evenings and weekends. While performing the duties of this job, the employee is regularly required to sit, use hands, and talk or hear. The employee is occasionally required to walk, and lift and/or move up to 20 pounds.