Disclosure Specialist

RoundPoint Mortgage Servicing LLC; Coppell (TX); On-site; USD 50,000 - 70,000; Full time

Job summary

RoundPoint Mortgage Servicing LLC is seeking a Disclosure Specialist in Coppell, Texas. In this role, you will ensure that loan disclosures meet regulatory guidelines, prepare TRID disclosure documents, and manage customer service interactions. Candidates should have over 2 years of experience in a regulatory position and possess a strong understanding of mortgage regulations like RESPA and TILA. Familiarity with Encompass software is preferred. This position emphasizes attention to detail and effective communication skills.

Qualifications

• 2+ years of relevant experience in the mortgage industry.
• Proficiency in Encompass software and other business technology applications.
• Ability to maintain professionalism when communicating with clients.

Responsibilities

• Evaluate loan compliance with established regulatory guidelines.
• Prepare and manage TRID Disclosure documents.
• Maintain high levels of customer service and communication.

Skills

Knowledge of consumer regulations (RESPA, TILA, TRID, HMDA, ECOA)

Strong analytical skills

Attention to detail

Organizational and time management skills

Effective communication

Education

2+ years of experience in a mortgage regulatory position

Advanced working knowledge of Microsoft Word and Excel

Tools

Encompass software

Job description

Job Description

The Disclosure Specialist will evaluate all information supplied by Mortgage Consultant to ensure loans are compliant with established regulatory guidelines and procedures. This position performs all functions related to the production of initial TRID Disclosure documents as well as the preparation and delivery of Change of Circumstance redisclosure documents related to fee increases and rate lock adjustments.

Responsibilities

• Ensure correct template is chosen for applicable State and loan program.
• Review disclosures for accuracy from the information provided by the Loan Officer on the new Uniform Residential Loan Application to ensure a valid application has been received and all 6 pieces of RESPA information are present (1. Name, 2. Income, 3. Social Security Number, 4. Property address, 5. Estimate of property value and 6. Mortgage loan amount sought).
  • Ensure all Disclosure screens in Encompass are completed.
  • Ensure HDMA information is completed properly.
  • Ensure all applicable costs are applied to the loan file.
• Prepare RESPA‑TILA‑TRID disclosures to our borrowers within the regulatory required timeframe.
• Maintain an understanding of the loan products offered to ensure specific guidelines are followed and specific disclosures included.
• Adhere to all regulatory requirements around the disclosure process - from application date and 3‑day regulatory requirement.
• Daily pipeline management of loan files through Encompass.
• Maintain an excellent level of customer service.
• Prepare the change of circumstance (COC) process to prepare explanation letter and update loan estimate with any possible required disclosures in an efficient manner and within three days of receipt of change documentation.
  • Communicate with secondary to assure accuracy of fees associated with rate lock and/or rate lock extensions.
  • Communicate with processing and loan officer to redisclose increased charges for credit report, appraisal, title, etc.
  • Communicate with closing to ensure the closing date is not impacted by the redisclosure of the loan estimate.
• Communicate any concerns of a regulatory nature to the supervisor.
• Review the Mavent compliance document for any errors which would include the qualified mortgage and ability to repay requirements. Address any concerns applicable or escalating to manager.
• Maintain a high level of awareness and knowledge of regulatory compliance requirements and assist in identifying significant compliance risks.
• Adhere to Round Point’s commitment to regulatory compliance.

Qualifications

• 2+ years of experience in a mortgage regulatory position.
• Knowledge of consumer regulations—RESPA, TILA, TRID, HMDA, ECOA and any and all fair lending laws.
• Proficiency in Encompass software preferred and the ability to readily learn and operate effectively in other business technology applications required.
• Ability to work overtime when needed.
• Strong organization and time management skills as well as attention to detail.
• Knowledge of conventional and government loan programs.
• Strong analytical skills and ability to use independent judgement and discern the practical application of regulatory and legal requirements.
• Advanced working knowledge of Microsoft Word and Excel.
• Maintain sense of urgency.
• Maintain a level of professionalism when communicating with external clients/parties.
• Ability to effectively communicate across multiple departments—originations, underwriting, secondary, processing and closing.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public.

Physical Demands & Working Conditions

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:

• The employee is regularly required to talk or hear.
• The employee is required to sit for extended periods of time and is occasionally required to stand and walk.
• The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms; the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl.
• The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
• Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.
• The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present.

Location

• Office Location: Fort Mill, SC or Coppell, TX