Disclosure Desk Analyst

SUMMARY OF POSITION:

The Disclosure Desk Analyst is responsible for ensuring that all required mortgage disclosures are prepared, reviewed, and delivered to borrowers in compliance with federal and state regulations. This role involves verifying the accuracy of disclosure documents, managing the disclosure process, and coordinating with various departments to ensure timely and compliant communication with borrowers.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Disclosure Preparation and Review:
  • Prepare and review mortgage disclosure documents, including the Loan Estimate (LE), Closing Disclosure (CD), and other regulatory disclosures.
  • Ensure accuracy and completeness of all disclosure documents in accordance with RESPA, TILA, and other applicable regulations.
• Compliance Monitoring:
  • Monitor and stay current with changes in disclosure regulations and industry standards to ensure compliance.
  • Implement and maintain procedures to ensure timely and accurate delivery of disclosures to borrowers.
• Coordination and Communication:
  • Collaborate with loan officers, processors, and underwriters to gather necessary information for accurate disclosure preparation.
  • Communicate with borrowers regarding disclosure-related questions and concerns.
• Documentation and Record Keeping:
  • Maintain accurate records of all disclosures issued, including electronic and paper copies.
  • Ensure proper documentation and storage of disclosure-related files for audit and compliance purposes.
• Issue Resolution:
  • Identify and resolve discrepancies or issues related to disclosure documents.
  • Address and correct any errors or omissions in disclosure documents promptly.
• Quality Assurance:
  • Conduct regular audits of disclosure documents to ensure adherence to regulatory requirements and internal policies.
  • Provide feedback and recommendations for process improvements to enhance accuracy and efficiency.
• Training and Support:
  • Assist in training new staff on disclosure procedures and compliance requirements.
  • Support team members with disclosure-related questions and provide guidance as needed.
• Administrative Support:
  • Perform general administrative duties related to the disclosure process, such as data entry and filing.
  • Assist with special projects and other tasks as assigned by the Compliance Manager or Disclosure Manager.

EXPERIENCE, SKILLS, KNOWLEDGE

• Education: Associate's degree in Business Administration, Finance, or a related field; Bachelor's degree preferred.
• Experience: Minimum of 1-2 years of experience in mortgage disclosure or compliance, or a related field.
• Skills:
  • Strong knowledge of mortgage disclosure regulations (e.g., RESPA, TILA) and industry practices.
  • Proficiency in mortgage software and Microsoft Office Suite.
  • Excellent attention to detail and accuracy in document preparation.
  • Strong organizational and time-management skills.
  • Effective communication and interpersonal skills.

PHYSICAL DEMANDS:

While performing the responsibilities of the job, the employee is required to talk and hear. Vision abilities required by the job are close vision.  The employee is often required to sit and use their hands and fingers to handle, feel, and operate office equipment such as a computer, copier, and office supplies.

In addition, the employee is occasionally required to stand, walk, reach with their arms and hands, and to stoop, kneel or crouch. Reasonable accommodations can be made to enable employees with disabilities to perform the described essential functions of the job.

Note: This document describes the minimum, essential duties, responsibilities, skills, abilities, effort, and working conditions of the position. It in no way implies that these are the only functions to be performed by the incumbent. Workers are required to follow any other job-related instructions and to perform any job-related functions requested by a supervisor or manager. Successful performance requires that the incumbent possess and utilize the abilities and skills described. All functions are subject to reasonable modification to accommodate individuals with disabilities. Some functions may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or others.

Equal Opportunity Employer