Mortgage Loan Opening and Disclosure Specialist

A Mortgage Loan Opening and Disclosure Specialist plays a crucial role in the mortgage lendingprocess. Their primary responsibilities typically include:Key Responsibilities1. Loan Application Review:o Reviewing loan applications for completeness and accuracy.o Verifying borrower information and supporting documentation, such as income andcredit history.2. Mortgage Disclosure Preparation:o Ensuring all required disclosures are accurately prepared and provided to borrowersin compliance with regulations (e.g., Truth in Lending Act, Real Estate SettlementProcedures Act).3. Collaboration with Teams:o Working closely with loan officers, underwriters, and compliance teams to ensure asmooth loan opening process.o Coordinating with third-party vendors (e.g., appraisers, title companies) as needed.4. Regulatory Compliance:o Staying up to date with changes in mortgage regulations and ensuring all processesalign with current laws.5. Documentation:o Maintaining accurate records of all disclosures and communications.o Preparing necessary documentation for loan origination and compliance audits.Skills Required• Attention to Detail: Thoroughness in reviewing loan documents and regulatoryrequirements.• Communication Skills: Ability to effectively explain financial concepts to borrowers.• Organizational Skills: Capability to manage multiple loan applications simultaneously.• Knowledge of Mortgage Products: Familiarity with various mortgage products andRegulatory Compliance requirements.• Previous experience in mortgage banking/lending is required This is a full-time, in-office position.