The Disclosures Specialist is responsible for the timeliness of providing support to Loan Officers by reviewing and preparing initial mortgage disclosures. While a person in this position works closely with Mortgage Loan Officers, it is a function of the Compliance Department due to the necessity for a high level of analytical ability as well as a strong attention to detail. Must be able to read and interpret a Loan Estimate, HUD-1 and 1003, as the Disclosures Specialist is responsible for reviewing items for accuracy that are populated in Encompass360, our paperless loan origination system (LOS), such as loan amount, term, interest rate, taxes, insurance and all other applicable and related fees.
Duties & Responsibilities:
- Prepares all initial mortgage disclosures (i.e. LE)
- Identify and track all assigned loan files/documents that are received in individual queue. Ensure data integrity by reviewing loan data in Point, DU/LP, Loan Transmittal and 1003.
- Review accuracy of information on Loan Estimate (LE) such as mortgage insurance, origination fees, transfer taxes, appraisal, credit report, insurance, escrow, title, etc.
- Monitor timeliness of all disclosures sent by ensuring initial disclosures are being sent no later than the three days after loan is originated.
- Responsible for timeliness and preparation of re-disclosed documents and updating information due to changes of circumstances (COC) such as loan amount changes, re-locking loan due to interest rate changes, program changes, etc.
- Maintain current knowledge and understanding of all new and updated RESPA guidelines.
Desired skills and Core Competencies:
- Ability to read and interpret information contained in the initial mortgage disclosure documents
- Strong attention to detail
- Ability to work in a fast paced environment. Excellent interpersonal, customer service and organizational skills.
- Mathematical aptitude and the ability analyze numbers for accuracy.
- Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.
- Customer service oriented with the ability to work as part of a team.
Company Description
Intelliloan is a residential mortgage banking company licensed in 23 states and counting! Since our founding in 1993, we have been instrumental in helping many thousands of homeowners and investors with their unique financing needs. Intelliloan is a direct lender and handles the entire loan process in-house from origination to close of escrow. They are a HUD approved FHA direct endorsement lender as well as an approved Fannie Mae seller and servicer.
Work location: Irvine, CA