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Disclosure Specialist

Primis Bank · Wilmington, North Carolina, US

Position Summary: The Disclosure Specialist verifies that mortgage disclosure packages comply with applicable disclosure regulations, as well as investor and...

Job description

Position Summary: The Disclosure Specialist verifies that mortgage disclosure packages comply with applicable disclosure regulations, as well as investor and agency disclosure requirements. The Disclosure Specialist is responsible for reviewing mortgage files for accuracy and completeness; monitoring the disclosure desk queue for review requests; as well as preparing and delivering disclosure packages to borrowers. Essential Functions: - Responsible for initial disclosures and re-disclosure processing. - Ensure that each disclosure package contains all expected disclosure documents, and all forms are completed accurately and in totality. - Ensure that disclosure packages comply with all applicable federal, state, and agency guidelines impacting residential mortgage originations and comply with prescribed regulation timelines at time of delivery to members. - Review loan summary forms, loan officer questionnaires and other relevant documents to identify associated fees paid by the borrower. - Monitor pipeline daily to ensure initial and re-disclosure packages are distributed within regulated timeframes. - Deliver mortgage loan disclosures in a secure manner to comply with IT securit...