Mortgage Disclosure Specialist

Bristol County Savings Bank; Taunton (MA); On-site; USD 34,000 - 44,000; Full time

Job summary

Bristol County Savings Bank in Taunton, MA is seeking a Mortgage Disclosure Specialist to manage the preparation, delivery, and tracking of required mortgage loan disclosures throughout the loan process. Under supervision, you will ensure timely delivery of Loan Estimates and Closing Disclosures, maintain compliant records, and coordinate with loan staff and vendors while upholding regulatory standards.

Experience with Encompass and strong detail orientation are valued as you help the bank meet

Qualifications

• Must be detail oriented and provide strong customer service and communications.
• Experience with loan processing software navigation (Encompass a plus).
• One plus years banking or related lending experience.
• Working knowledge of accounting principles is a plus.

Responsibilities

• Prepare and deliver initial and revised mortgage disclosures within regulatory timeframes.
• Review loan application data for completeness and accuracy to prepare disclosures.
• Ensure compliance with TILA, ECOA, RESPA, HMDA and appraisal disclosure requirements.
• Coordinate with Mortgage Consultants, Processors, Underwriters, Closers and vendors to obtain information.
• Maintain electronic loan files and document disclosure activity per policies and regulations.
• Monitor disclosure timelines, including three-business-day Loan Estimate requirements.

Skills

Detail oriented

Customer service

Communication skills

Analytical skills

Education

High School diploma

Tools

Encompass

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Mortgage Disclosure Specialist

MORTGAGE PROCESSING Full Time Professionals Taunton, MA, US

Salary Range: $24.75 To $32.16 Hourly

Department:Mortgage Processing

Reports To:Mortgage Closing Officer

OVERVIEW:

Under the general supervision of the Mortgage Closing Manager, performs duties related to the preparation, delivery, tracking, and maintenance of required mortgage loan disclosures throughout the loan process. Ensures timely and accurate delivery of initial and revised disclosure packages, including but not limited to Loan Estimates, Closing Disclosures, appraisal notices, and other required regulatory communications. Supports the Bank’s regulatory compliance objectives by adhering to applicable federal and state mortgage lending regulations and internal policies and procedures.

PRIMARY ACCOUNTABILITIES / RESPONSIBILITIES:

• 1.Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and the community in which it serves.
• 2.Reviews mortgage loan application data for completeness and accuracy in order to prepare required disclosure packages.
• 3.Prepares and sends initial and revised mortgage disclosures to applicants and borrowers within required regulatory timeframes.
• 4.Ensures compliance with applicable mortgage lending regulations, including but not limited to Regulation Z (Truth in Lending Act / TILA), TRID disclosure requirements, Regulation B (Equal Credit Opportunity Act / ECOA), RESPA, HMDA, Fair Lending requirements, and appraisal disclosure requirements under Regulation B.
• 5.Prepares and delivers Loan Estimates, Closing Disclosures, notices of intent to proceed, appraisal disclosures, change of circumstance disclosures, re-disclosures, and other required loan documentation.
• 6.Monitors disclosure timelines to ensure compliance with federal waiting periods and delivery requirements, including the three-business-day Loan Estimate requirement and applicable Closing Disclosure timing requirements.
• 7.Reviews loan files for events that may trigger revised disclosures and coordinates with lending staff to ensure timely and accurate re-disclosure when required.
• 8.Tracks borrower acknowledgment and receipt of disclosures through the Bank’s loan origination system and electronic delivery platforms.
• 9.Coordinates with Mortgage Consultants, Processors, Underwriters, Closing staff, and third-party vendors to obtain information necessary to prepare accurate disclosures.
• 10.Maintains electronic loan files and documents all disclosure activity in accordance with Bank policies, investor guidelines, and regulatory requirements.
• 11.Assists with quality control reviews of disclosure packages to identify data discrepancies, fee tolerances, and potential compliance concerns.
• 12.Communicates with borrowers, internal staff, and external parties regarding disclosure status, missing information, and required follow-up items in a professional and timely manner.
• 13.Supports internal audits, compliance reviews, and examinations by maintaining complete and accurate disclosure records.
• 14.Maintains an acceptable registration with the National Mortgage Licensing System (NMLS), as well as, the unique identifier assigned by the NMLS, if required by the position.

OTHER ACCOUNTABILITIES / RESPONSIBILITIES:

• 1. Perform related and unrelated duties as may be required and/or assigned.

POSITION REQUIREMENTS:

High School diploma, or its equivalent, plus specialized course work and training. One plus years banking or related lending experience. Experience with Encompass a plus. Must be detail oriented and demonstrate strong customer service, communications, and good analytical skills. Working knowledge of accounting principles a plus. Must have general understanding of a paperless workflow and highly efficient in loan processing software navigation as well as general navigation/operation of a Windows device.

SUPERVISORY SCOPE:

None

INDEPENDENT ACTION:

Performs work within established guidelines and according to specific procedures. May resolve

some problems rather than referring them to manager.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.