Redisclosure Specialist
loanDepot is a digital commerce company committed to serving its customers throughout the home ownership journey. The Redisclosure Specialist is responsible for providing support by reviewing and preparing updated mortgage disclosures, ensuring timely and accurate issuance of Loan Estimates and Full Redisclosure packages in accordance with TRID guidelines.
Responsibilities
- Monitors daily reports for departments to ensure Loan Estimates are prepared and issued to the borrower within department service levels
- Reviews the accuracy of information in the Fee Screen against the loan attributes and file invoices (title, appraisal, credit report etc.)
- Analyzes the fee changes in order to determine if change can be passed along to the borrower or will need to be absorbed by loanDepot
- If unable to determine from the information available in the Loan Operation System (LOS) the reason for the change in fee(s), confers with members of production or operations as needed
- In accordance with CFPB/TRID requirements, completes the required Change in Circumstance (COC) form to accompany any redisclosed Loan Estimates or Disclosure Packages
- Issues loan disclosures within agency, federal/state and company guidelines and regulations
- Identifies potential areas of compliance vulnerability and risks; reports on recommendations
- Performs other duties and projects as assigned
Skills
- High school diploma or equivalent required
- Must be able to read and interpret a Loan Estimate base values
- Experience in the Mortgage industry preferred
Benefits
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
Company Overview
Company H1B Sponsorship