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BankPlus · 2 months ago

Mortgage Disclosure Specialist - Ridgeland, MS

Ridgeland, MS, USA

Full-time

Onsite

Entry Level

1+ years exp

BankPlus is a high-performing team committed to fulfilling promises and building lasting relationships. The Mortgage Disclosure Specialist is responsible for preparing initial disclosures and ensuring compliance with regulatory requirements through effective communication and teamwork.

BankingFinancial ServicesVenture Capital

Responsibilities

Prepare and review Initial Disclosures within 3 days of TRID application date. Files received within the first and second days of TRID date should be reviewed and disclosed within 24 hours or as early as possible after received

Prepare and send all redisclosures, within 3 days of change of circumstance, per system or processor notifications

Review Dashboards daily to confirm all disclosures have been disclosed to meet TRID timing

Review Loan Origination dashboards and pipelines to ensure all pre-quals meet required disclosure timelines

Validate eDisclosed loans that have not been acknowledged and send hard copies of disclosures in compliance with regulations

Run Mavent Preview Compliance Reports and inform originators of any Alerts or Fails

Order Flood Certifications, USPS/Address Verifications, PMI quotes and initial Fraudguard

Send daily reports and follow up on receipt of Notice of Intent for all disclosed files

Review forms, disclosures, and other documents to validate information and ensure compliance for all loans (including non-Originated Loans submitting to Compliance)

Monitor closing cost templates and state specific rules for updates to maintain and ensure accurate fees are disclosed. Proactively research when changes are identified to prevent disclosure errors and associated monetary losses/cures

Assist with maintaining written procedures and updated checklists, making recommendations to Mortgage Disclosure Manager of ways to improve quality and efficiency

Communicate with Originators, Mortgage Disclosure Manager and Secondary Marketing Teams regarding any compliance alerts, pricing, and/or data entry discrepancies within the loan file in Encompass

Ensure loans disclosed adhere to BankPlus, regulatory, agency and investor guidelines to be sellable into the secondary market by maintaining thorough knowledge of information and reviewing information furnished by the Mortgage Disclosure Manager

Participate in the bank’s High-Performance Rewards Connections program

Maintain a thorough knowledge of Bank products, services, policies, procedures, and appropriate regulatory issues as related to daily job functions including, but not limited to the following: Bank Secrecy Act; Privacy Act: Fair Lending Act; Regulation E, etc. Complete required compliance training (when assigned) and adheres to the bank’s standard of conduct

Perform other duties as assigned