Redisclose the Loan estimate within 3 days of receipt of any loan and fee changes that require redisclosure.
Review loans received in Initial Disclosure Queue. Ensure accuracy of fees and send initial disclosure package to borrower.
Review and makes adjustments if “Points and Fees” thresholds are exceeded due to the default affiliate fees
Monitor loan applications that need to be disclosed to ensure all are disclosed within 3 days of application.
Review the individual service providers listed and make a determination as to what adjustments if any are required to be made to the selection of third-party providers.
Redisclose the Loan estimate within 3 days of receipt of the title commitment and fees to reflect accurate title company fees for affiliated title companies
Work regularly with Mortgage Loan Originator, Underwriting, Processing, Secondary Marketing, Closing and Set-up Coordinators.
Review compliance ease report to confirm loan meets QM/ATR requirements
Review the qualified mortgage and ability to repay fields in loan origination systems to ensure loan meets QM/ATR requirements including APR fees
Requirements
computer skills
customer interaction
analytical
communication
high school
mortgage banking
Computer skills
Ability to interact effectively with customers and other company staff to solve problems and contribute to the team. Analytical ability, with aptitude for figures.
Good oral, written and phone communication skills
Minimum of a high school diploma and up to 3 years of mortgage banking experience, preferable in loan processing or compliance.