Initial Closing Disclosure Specialist

NightOwl Consulting Philippines, Inc; Quezon City; On-site; PHP 480,000 - 720,000; Full time

Job summary

NightOwl Consulting Philippines, Inc. is seeking a detail-oriented professional to generate and review Initial Closing Disclosure (ICD) documents. You will ensure accuracy, completeness, and timely delivery to borrowers in line with TRID regulations.

Responsibilities include cross-checking loan terms, fees, taxes, and underwriting conditions, maintaining records, and coordinating with loan officers and processors to resolve any discrepancies before ICD issuance.

Qualifications

• Experience with ICDs and TRID disclosures.
• Knowledge of TRID regulations and closing disclosure requirements.
• Familiarity with loan documentation and underwriting terms.

Responsibilities

• 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 to manage workflow efficiently.

Skills

Analytical mindset

Problem solving

Strong organizational skills

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

SKILLS, KNOWLEDGE AND EXPERTISE

• 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.
• 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.
• 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.
• 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.
• 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.

RESPONSIBILITIES

• 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.