INITIAL DISCLOSURE [50FIN]

Exp-Minimum 2 years, Salary- Upto 4.2 to 5 (LPA)

Initial Disclosures

  • Audit file for completeness and accuracy to ensure compliance before sending out initial disclosures and Loan Estimate
  • Prepare LE and confirm fees and pricing are accurate, and release to borrowers via e-Sign
  • Track disclosures that need to be sent and send via e-sign portal or paper fulfillment as appropriate
  • Monitor Change of Circumstance requests and ensure re-disclosures and COC notices are in compliance and issued within required timeframes
  • Maintain efficient levels of service and comply with regulatory timelines associated with the completion and dissemination of loan disclosures
  • Prepare initial Closing Disclosure, ensuring all fees are accurate, and send to borrower via e-Sign.
  • Prepare Post Consummation Closing Disclosure, ensuring all fees are accurate and that all fee variances are cured. Request and forward refund checks to borrower with PC CD.
  • Process adverse action loans and prepare Statement of Denial on declined loans. Audit adverse loans for ECOA and HMDA compliance.
  • Additional tasks as assigned
  • 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.

Education:

  • Graduate

Required Knowledge

  • Excellent customer service skills.
  • Excellent Communication & Email Skills
  • Knowledge of RESPA 2015 & TRID requirements
  • Basic mathematical knowledge; ability to add, subtract, divide and multiply.
  • Knowledge of personal computers and applicable software. (Microsoft Office, Point, and Excel).

Experience Required

  • US Mortgage Originations
  • Initial Disclosures or Disclosure Desk
  • Experienced in Loan Estimate and Closing Disclosure Review
  • Experienced in 2015 Itemizations
  • Thorough knowledge of TRID and RESPA LE/CD requirements
  • Working knowledge of RESPA “Change in Circumstances”, including: Valid vs. Invalid changed circumstances reasons
  • Some prior financial experience preferred

Job Category: Finance
Job Type: Full Time
Job Location: Bangalore Mumbai

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