Disclosure Desk Specialist

Employment Type

: Full-Time

Industry

: Miscellaneous



Description

Key Areas of Responsibility

  • Demonstrate the Parkside core values, support Parkside Lending policies and practices, and encourage a culture of compliance excellence within Parkside Lending
  • Perform a complete review and audit of the loan file including both legal and financial documentation Draw and/or review closing documents for completeness and accuracy
  • Prepare, review and analyze new disclosures described herein as required by the new TRID regulation, effective October 3rd.
  • Prepare, review and analyze Loan Estimates and Closing Disclosures for completeness and accuracy, and compare/analyze Loan Estimates, Changes of Circumstance to ensure proper accounting for changes during the origination process.
  • Review all information in the prelim title/title commitment, closing protection letter, purchase contract, mortgage insurance, homeowners and flood insurance, and certain information on the appraisal.
  • Ensure all documentation is ordered and properly delivered to Title within mandatory turn times
  • Work with Vendor Management to ensure closing agent properly vetted in timely manner
  • Review COC for accuracy and re-disclosure requirements and send to LO/LOA/Borrower E-folder in predefined bucket, update information into the conversation log.
  • Verify validity of requested change circumstances (COC) request.
  • Pull internal compliance reports which pulls both state and federal testing, ensuring that all errors or possible false reporting is addressed prior to the release of the pre-disclosing package. In addition, fee variances checked against standardized APR charges.
  • Ensure accuracy of broker fee sheet and secondary lock confirmation
  • Ensure LOS data matches the Document Request form & Investor lock
  • Complete and review all required checklists and ensure documented in loan file
  • Qualifications

  • Minimum two years lending experience
  • Knowledge of current CFPB and RESPA requirements for Mortgage disclosures
  • Strong sense of personal accountability
  • Excellent communication skills
  • Proven ability to learn quickly and retain knowledge
  • Ability to interact with others in a positive manner, either in person or by phone
  • Detail oriented with the ability to multitask
  • Ability to meet deadlines

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