Initial Closing Disclosure Analyst

NightOwl Consulting Philippines Inc.; Philippines; On-site; PHP 335,000 - 391,000; Full time

Benefits offered by this job

Above market salary

HMO with free dependent

Paid leave incentives

Performance based incentives

Quarterly company events

In-depth training for career growth

Job summary

NightOwl Consulting Philippines Inc. is seeking an ICD Analyst to prepare, review, and verify Initial Closing Disclosures (ICD) for mortgage loans. You will ensure accuracy, regulatory compliance, and timely disclosures while collaborating with processors, underwriters, and closing officers.

The role focuses on data verification, document integrity, and maintaining records to support smooth loan closings and TRID compliance within the Operations department.

Qualifications

• Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
• Analytical mindset with the ability to identify and solve problems quickly.
• Familiarity with loan documentation, including closing disclosures, loan estimates, and underwriting terms.
• Strong organizational skills and ability to manage workflow efficiently.

Responsibilities

• Generate and review ICD documents for accuracy and completeness in accordance with company policies and regulatory requirements.
• Ensure that the ICD is sent to the borrower at least three business days prior to closing, adhering to TRID regulations.
• Review loan terms, fees, taxes, and other financial data to ensure accuracy in the ICD.
• Cross-check all loan documentation to ensure alignment with underwriting conditions and customer information.
• Identify and resolve discrepancies in loan documentation prior to issuing the ICD.
• Maintain detailed records and monitor timelines to ensure TRID compliance.

Skills

MS Office

Analytical thinking

Loan documents

Organizational skills

Job description

Description

The Initial Closing Disclosure (ICD) Analyst plays a critical role in the mortgage loan process by preparing, reviewing, and verifying the accuracy of the Initial Closing Disclosures (ICD). This position ensures compliance with regulatory requirements and company policies, ensuring borrowers receive accurate and timely disclosures of loan terms and costs. The ICD Analyst collaborates with internal teams such as loan processors, underwriters, and closing officers to resolve discrepancies and ensure smooth and timely loan closings.

Department: Operations

Location: Client

Compensation: ₱30,000 - ₱35,000 / month

The Initial Closing Disclosure (ICD) Analyst plays a critical role in the mortgage loan process by preparing, reviewing, and verifying the accuracy of the Initial Closing Disclosures (ICD). This position ensures compliance with regulatory requirements and company policies, ensuring borrowers receive accurate and timely disclosures of loan terms and costs. The ICD Analyst collaborates with internal teams such as loan processors, underwriters, and closing officers to resolve discrepancies and ensure smooth and timely loan closings.

Key Responsibilities

• Generate and review Initial Closing Disclosure (ICD) documents for accuracy and completeness in accordance with company policies and regulatory requirements.


• Ensure that the ICD is sent to the borrower at least three business days prior to closing, adhering to TRID (TILA-RESPA Integrated Disclosure) regulations.

Data Review and Verification

• Review loan terms, fees, taxes, and other financial data to ensure they are accurately reflected in the ICD.


• Cross-check all loan documentation to ensure alignment with underwriting conditions and customer information.


• Identify and resolve any discrepancies in loan documentation prior to issuing the ICD.

Compliance and Regulatory Adherence

• Stay up to date with federal and state mortgage regulations (including TRID) to ensure all disclosures meet legal standards.


• Maintain detailed records of all issued ICDs and monitor timelines to ensure compliance with the three-day disclosure rule.

Collaboration with Internal Teams

• Work closely with loan officers, underwriters, processors, and closing coordinators to ensure all necessary data is collected and accurately reflected in the ICD.


• Communicate with the loan origination team to address any borrower questions or concerns regarding the closing disclosure.

Quality Assurance and Reporting

• Conduct quality control checks on all ICDs before submission to ensure there are no errors or omissions.


• Report any issues or trends regarding ICD errors or compliance risks to management for further review.

Skills, Knowledge and Expertise

• Proficiency in Microsoft Office Suite (Excel, Word, Outlook).


• Analytical mindset with the ability to identify and solve problems quickly.


• Familiarity with loan documentation, including closing disclosures, loan estimates, and underwriting terms.


• Strong organizational skills and ability to manage workflow efficiently.

Benefits

• Above market salary


• HMO with free dependent


• Paid leave incentives


• Performance based Incentives


• Quarterly Company Events


• In-depth training for career growth