The Role
Processes and reviews mortgage loan disclosure requests, analyzes loan terms, escrow data, fees, and compliance reports, and issues accurate disclosure packages under TRID and federal lending regulations. The role coordinates title fee documentation, manages updated-fee disclosures, troubleshoots disclosure issues, tracks workflow changes, and maintains compliance with company policies and state and federal requirements.
Summary Generated by Built In
Only those with 1+ years of Disclosure Analyst experience will get an interview. Once you apply, you will be sent a video interview link. You will only get an in-person interview if you complete the video interview task first.
We are looking for an experienced Disclosure Analyst to join our growing team. The Disclosure Analyst is responsible for ensuring that the company's disclosures are accurate, complete, and compliant with all applicable regulations. This includes reviewing and drafting disclosures, as well as responding to inquiries from regulators and investors.
Key Responsibilities
- Receive and process requests through the proprietary disclosure system; organize queue and track pending disclosure requests to ensure that loan disclosures are issued correctly and in a timely fashion.
- Analyze and research existing loan terms and compliance reports to resolve issues regarding disclosure and fee requirements
- Multitask effectively between several software interfaces, including loan origination system and document vendor interface
- Analyze CIC requests per the parameters of the loan file to determine the viability of requests per compliance rules; update all necessary software applications and issue disclosure packages.
- Understand and adhere to departmental goals, company policies, and state/federal regulations that relate to loan terms, fees, and disclosures.
- Troubleshoot a variety of possible problems with loan disclosures.
- Read, implement, and keep track of updates and changes to workflow, policies, and product changes as they occur.
Skills, Knowledge and Expertise
- Prepare, generate, and deliver accurate initial mortgage loan disclosures within TRID guidelines with a primary focus on conventional loan products
- Analyze escrow data, loan terms, structure, and cash to close to ensure compliance
- Coordinate receipt of accurate title fee sheets from Settlement Agents
- Manage requests to disclose updated fees and re-work loans as necessary
- Ability to analyze documents to ensure compliance with regulatory requirements
- Ability to analyze and problem-solve to create positive outcomes for all interested parties
- Ability to prioritize/manage workload and allocate resources
- Working knowledge of federal lending regulations, CFPB, and TRID requirements for Mortgage disclosures
- Working knowledge of 1st mortgage products to include pricing requirements
- Knowledge of Mortgage lending business terminology and process flow
- Encompass experience is a plus
- Experience with Final Closing Disclosures is also a plus
Benefits
- Above market salary
- HMO on Day 1 for principal and two dependents
- Government-mandated benefits
- Performance-based Incentives
- Quarterly Company Events
- 1,000 PHP De Minimis
- Equipment and software provided
About
NightOwl Consulting was born from the desire for more! As prior clients of a BPO, we found ourselves struggling with support, understanding of our business industry, and the treatment of our global family… from this, NightOwl Consulting was born. Our mission is to connect companies with world-class talent with the overall vision to build a global family that aspires to reach its highest potential.
Skills Required
- At least 1 year of Disclosure Analyst experience
- Experience preparing, generating, and delivering initial mortgage loan disclosures under TRID guidelines
- Experience with conventional mortgage loan products and pricing requirements
- Ability to analyze escrow data, loan terms, loan structure, and cash to close for compliance
- Ability to coordinate accurate title fee sheets from settlement agents
- Ability to manage updated-fee disclosure requests and rework loans
- Ability to analyze documents for regulatory compliance
- Analytical and problem-solving skills
- Ability to prioritize and manage workload
- Working knowledge of federal lending regulations, CFPB requirements, and TRID mortgage disclosures
- Knowledge of mortgage lending terminology and process flow
- Encompass experience
- Experience with Final Closing Disclosures
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The Company
What We Do
NightOwl Consulting helps businesses and people realize new possibilities by connecting companies with world-class talent and building a global family that aspires to reach its highest potential.
