Mortgage Disclosure Coordinator

Job Description

Job Description

JOB SUMMARY

Evaluate all information supplied by Mortgage Loan Originator, Operations staff and settlement agents to ensure loans

are compliant and meet company, agency, investor, RESPA, TILA. Ensure all loans are Qualified Mortgage / ATR compliant as established by the CFPB. Redisclose any allowable change circumstances within 3 days of receipt of information. Send initial disclosures for some markets.

DUTIES AND RESPONSIBLITIES :

• Review loans received in Initial Disclosure Queue. Ensure accuracy of fees and send initial disclosure package to borrower.
• Monitor loan applications that need to be disclosed to ensure all are disclosed within 3 days of application.
• Redisclose the Loan estimate within 3 days of receipt of the title commitment and fees to reflect accurate title company fees for affiliated title companies
• Redisclose the Loan estimate within 3 days of receipt of any loan and fee changes that require redisclosure.
• Review the qualified mortgage and ability to repay fields in loan origination systems to ensure loan meets QM / ATR requirements including APR fees
• Review compliance ease report to confirm loan meets QM / ATR requirements
• Review and makes adjustments if “Points and Fees” thresholds are exceeded due to the default affiliate fees
• Review the individual service providers listed and make a determination as to what adjustments if any are required to be made to the selection of third-party providers.
• Perform all other duties and tasks as may be directed by the employee’s supervisor and / or management.

JOB DIMENSIONS

POSITION SPECIFICATIONS / REQUIREMENTS

HowardHanna.com

Hanna Holdings, Inc. affiliates and assigns are committed to providing equal employment opportunity to all employees and applicants for employment regardless of such factors as race, color, religion, sex, national origin, age, veteran's status or disability. The Company abides by all local, state and federal laws and regulations affecting the hiring of employees.

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