This is an in-office position based out of Ent Credit Union Headquarters in Colorado Springs. This is not a remote eligible position.The purpose of this position is to provide consistent and thorough compliance support to the mortgage lending staff by ensuring all regulatory requirements of the TILA/RESPA Integrated Disclosure (TRID) rule are met while following all other regulatory and investor guidelines through disclosing and pricing of mortgage loans. The Mortgage Disclosure Analyst will: Perform a pre-disclosure review for all loan types to include review of Colorado TNB, Reg B conditional approval letter, borrower mailing address, aggregate escrow disbursement dates, Home Counseling Providers, 4506T, Settlement Service Providers documents are in file. Prepare, generate, and deliver accurate initial mortgage loan disclosures within TRID guidelines with a primary focus on conventional loan products. With guidance process complex disclosure requests. With guidance research and process complex structure and pricing options within TRID guidelines. Price loans and lock interest rates. Process disclosure requests with precision and accuracy. Research and maintain a working knowledge of TRID as well as product guidelines.
Essential FunctionsPrepare, generate and deliver accurate initial mortgage loan disclosures within TRID guidelines. To ensure necessary and accurate initial disclosures on all mortgage loan applications are delivered within required timeframes in order to comply with regulatory and investor guideline requirements. Reduce risk of exposure and financial losses.Manage requests to disclose updated fees and re-audit loans as necessary. To ensure fees are updated as necessary to remain in compliance with TRID requirements throughout the loans process in an effort to prevent tolerance violations resulting in cures. Re-audit and re-disclose loans, in order to comply with regulatory and investor requirements, as necessary when valid change in circumstances occur. Reduce risk of exposure and financial losses.Price loans and lock interest rates. Assist the mortgage staff with pricing scenarios to include restructuring options and managing rate lock request while remaining compliant with TRID, CFPB and Credit Union policies.Act as the primary contact for all mortgage disclosure activities. Assist the mortgage staff with any miscellaneous disclosure questions, work closely with the mortgage compliance department to help with the writing and maintenance of policies and procedures that pertain to disclosures in an effort to drive efficiencies within the department while complying with regulatory and investor guidelines.Research and maintain a high level of knowledge of TRID as well as product guidelines. Obtain a strong understanding of all regulatory guidelines to guarantee loan compliance as well as investor requirement pertaining to loan productsBank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.