Disclosure Manager

NightOwl Consulting Philippines, Inc; Quezon City; On-site; PHP 335,000 - 670,000; Full time

Job summary

NightOwl Consulting Philippines, Inc. is seeking a Mortgage Disclosures Specialist in Metro Manila. You will prepare, generate, and deliver accurate initial mortgage loan disclosures in TRID compliance, focusing on conventional loan products.

You will analyze escrow data, loan terms, and closing costs to ensure regulatory compliance and timely disclosure packages, coordinating with Settlement Agents and using the proprietary system.

Qualifications

• Prepare and deliver TRID-compliant initial disclosures for conventional loans.
• Analyze escrow data, loan terms, and closing costs for compliance.
• Coordinate title fee sheets from Settlement Agents.
• Work with regulators and understand applicable disclosure rules.

Responsibilities

• Receive and process disclosure requests through the proprietary system.
• Analyze loan terms and compliance reports for disclosure and fee accuracy.
• Multitask across loan origination and document vendor interfaces.
• Assess CIC requests against loan file compliance rules and update systems.
• Adhere to policy, regulations, and departmental goals for disclosures.
• Troubleshoot issues with loan disclosures and keep up with changes.

Skills

Mortgage disclosures

TRID compliance

CFPB knowledge

Lending regulations

Regulatory compliance

Fee analysis

Escrow analysis

Final Closing Disclosures

Workflow updates

Tools

Encompass

Job description

SKILLS, KNOWLEDGE AND EXPERTISE

• Prepare, generate, and deliver accurate initial mortgage loan disclosures within TRID guidelines with a primary focus on conventional loan products
• Analyze escrow data, loan terms, structure, and cash to close to ensure compliance
• Coordinate receipt of accurate title fee sheets from Settlement Agents
• Manage requests to disclose updated fees and re-work loans as necessary
• Ability to analyze documents to ensure compliance with regulatory requirements
• Ability to analyze and problem-solve to create positive outcomes for all interested parties
• Ability to prioritize/manage workload and allocate resources
• Working knowledge of federal lending regulations, CFPB, and TRID requirements for Mortgage disclosures
• Working knowledge of 1st mortgage products to include pricing requirements
• Knowledge of Mortgage lending business terminology and process flow
• Encompass experience is a plus
• Experience with Final Closing Disclosures is also a plus

RESPONSIBILITIES

• Receive and process requests through the proprietary disclosure system; organize queue and track pending disclosure requests to ensure that loan disclosures are issued correctly and in a timely fashion.
• Analyze and research existing loan terms and compliance reports to resolve issues regarding disclosure and fee requirements
• Multitask effectively between several software interfaces, including loan origination system and document vendor interface
• Analyze CIC requests per the parameters of the loan file to determine the viability of requests per compliance rules; update all necessary software applications and issue disclosure packages.
• Understand and adhere to departmental goals, company policies, and state/federal regulations that relate to loan terms, fees, and disclosures.
• Troubleshoot a variety of possible problems with loan disclosures.
• Read, implement, and keep track of updates and changes to workflow, policies, and product changes as they occur.