Mortgage Loan Opening and Disclosure Specialist

Job Description

Job Description

A Mortgage Loan Opening and Disclosure Specialist plays a crucial role in the mortgage lending

process. Their primary responsibilities typically include :

Key Responsibilities

1. Loan Application Review :

o Reviewing loan applications for completeness and accuracy.

o Verifying borrower information and supporting documentation, such as income and

credit history.

2. Mortgage Disclosure Preparation :

o Ensuring all required disclosures are accurately prepared and provided to borrowers

in compliance with regulations (e.g., Truth in Lending Act, Real Estate Settlement

Procedures Act).

3. Collaboration with Teams :

o Working closely with loan officers, underwriters, and compliance teams to ensure a

smooth 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 processes

align 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 regulatory

requirements.

Regulatory Compliance requirements.

This is a full-time, in-office position.