Mortgage Disclosure Desk Coor

Old National Bank; Palos Heights (IL); On-site; USD 23,419 - 37,884; Full time

Job summary

Old National Bank is seeking a Mortgage Disclosure Desk Coordinator to ensure compliance with regulatory loan disclosure requirements. This position involves reviewing loan applications, collaborating with team members and ensuring timely completion of disclosures.

The ideal candidate will have 5+ years of mortgage experience, in-depth knowledge of loan regulations, and the ability to effectively communicate with various stakeholders. The role is critical in minimizing losses for the bank by ensuring accurate and timely disclosures.

Qualifications

• 5+ years of mortgage experience with strong knowledge of loan disclosure regulations.
• Ability to handle regulatory compliance under deadline pressure.
• Experience with various loan types including FHA, VA, USDA.

Responsibilities

• Ensure timely delivery of Loan Disclosure packets meeting regulatory requirements.
• Verify accuracy of loan applications and documents to avoid violations.
• Communicate effectively with Mortgage Loan Originators and team members.

Skills

Regulatory knowledge (TRID, RESPA, HMDA, ECOA)

Attention to detail

Strong communication

Education

High School graduate or equivalent

Tools

Ellie Mae Encompass

Job description

Responsibilities

The Mortgage Disclosure Desk Coordinator ensures all Initial and Re-Disclosure Loan Disclosure packets are completed and delivered to applicants in compliance with regulatory and secondary market requirements and within Service Level Agreements. The Coordinator works closely with Mortgage Team members to verify accuracy of data and resolve any issues or discrepancies to prevent non‑compliance with Federal and State regulations.

Key Accountabilities

• Review initial loan submission from Mortgage Loan Originators for accuracy, making necessary changes to avoid tolerance cures or regulatory violations, and prepare and deliver a final Loan Estimate and required documentation.
• Work with Mortgage Loan Originators, Processors, and Underwriters to review changed circumstances, prepare revised Loan Estimates, and deliver them in a timely manner to avoid delays in closing dates or tolerance cures.
• Review all documents in an initial disclosure and re-disclosure package to ensure accurate completion.
• Track new applications in the loan processing system to ensure timely delivery of all disclosures.
• Track existing applications and provide timely re-disclosures by identifying loan changes within the pipeline.
• Assist with answering questions regarding initial or re-disclosures.
• Participate in compliance‑related projects pertaining to regulatory disclosures.
• Assist in disclosure compliance training for mortgage associates.
• Ensure accuracy of all HMDA related information collected from initial applications and disclosures.

Key Competencies

• Operational Knowledge and Organizational Skills: Demonstrated understanding of applicable Federal and State Regulations (TRID, RESPA, HMDA, ECOA, etc.) and ability to apply this knowledge to individual situations.
• Ability to accurately identify valid changed circumstances.
• Great attention to detail, ability to prioritize and function accurately under deadline pressure.
• Working knowledge of all loan types and loan programs offered (FHA, VA, USDA, Construction‑to‑Permanent).

Communication Skills

• Ability to clearly communicate information to Mortgage Loan Originators, Sales Managers, Processors, and Closers.
• Promptly respond to questions from other departments.
• Effectively work as part of a team.

Qualifications and Education Requirements

• High School graduate or equivalent.
• 5+ years of mortgage experience with in-depth knowledge of regulatory requirements for loan disclosures.
• Experience with Ellie Mae Encompass preferred.

Key Measures of Success / Key Deliverables

• Disclosures delivered within regulatory requirements and Service Level Agreements.
• Minimize losses to the bank by accurately completing required disclosures and properly analyzing valid change circumstances.

Salary Range

The salary range for this position is $17.00/hr – $27.50/hr. The range is applicable across the United States; actual offers may vary based on responsibilities, skills, experience, qualifications, and location.

Equal Opportunity Statement

Old National is an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures, and thinking styles. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, disability, sexual orientation, gender identity, or any other characteristic protected by law.