Mortgage Disclosure Analyst or Junior - Depending on Experience (Finance)
Company Description
Ent Credit Union exists to improve the financial quality of life of the people we serve. This mission drives us every day, but we are more than our mission. We're also individuals using our unique abilities to make our organization, and the communities we serve, better than they were yesterday. We're a not-for-profit that puts people above profits and actively invests in our community. Our rapidly growing team is expanding our reach to serve more people throughout Colorado. To spread our mission far and wide, we need people like you. If you're interested in a paycheck with a purpose, apply with us today. Our people make the difference, and we truly believe you are our greatest asset.
Job Description
Mortgage Disclosure Analyst Junior: The purpose of this position is to support the Mortgage Disclosure team and collaborate with mortgage lending staff to complete disclosure requirements to TILA/RESPA Integrated Disclosure (TRID) rules. Reviewing mortgage loan files for lender guidelines and pricing requirements. The Mortgage Disclosure Analyst Jr. 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. Price loans and lock interest rates. Assist with mortgage disclosure activities. Research and maintain a working knowledge of TRID as well as product guidelines
Mortgage Disclosure Analyst: 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 Functions for Mortgage Disclosure Analyst Junior:
- 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. To ensure necessary and accurate initial disclosures are ready for delivery on all mortgage loan applications within required timeframes in order to comply with regulatory and investor guideline requirements. Reduce risk of exposure and financial losses.
- Prepare, generate, and deliver accurate initial mortgage loan disclosures within TRID guidelines with a primary focus on conventional loan products. 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.
- 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.
- Assist the mortgage disclosure staff with any miscellaneous needs, to issue disclosures within TRID deadlines while complying with regulatory and investor guidelines.
- Research and maintain a working 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 products
- Prepare, 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 products
- Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Qualifications
Minimum Formal Qualifications for Mortgage Disclosure Analyst Junior:
- High School Diploma/G.E.D. or equivalent
- 1+ years' combined experience in customer service, financial services, real estate, accounting or finance-related field. Required.
- 6+ months mortgage or consumer loan related experience in a credit union. Preferred
- High School Diploma/G.E.D. or equivalent
- 2+ years' customer service in a financial institution with at least 6 months experience with first mortgage servicing, processing, or other related experience. Required.
- 6+ months Credit Union experience. Preferred
Each year of relevant work experience may be exchanged for a year in a relevant degree program or vice versa. For example, a requirement of a bachelor's degree in accounting and 2+ years of account experience could be substituted for a high school diploma and 6 years of relevant accounting work experience or a master's degree in accounting and 0 years of work experience.
Technical or Specialized Knowledge/Skills:
- Working knowledge of federal lending regulations, CFPB, and TRID requirements for Mortgage disclosures
- Working knowledge of 1st mortgage products to include pricing requirements
- Knowledge of Mortgage lending business terminology and process flow
- Knowledge of Ent mortgage lending policies and procedures
- Knowledge of investor and lending guidelines
- Ability to analyze documents to ensure compliance with regulatory requirements
- Ability to analyze and problem solve to create positive outcomes for all interested parties
- Ability to prioritize/manage workload and allocate resources
- Organized, detail oriented, flexible and able to multi-task in an ever-changing environment
- Display positive, professional demeanor and work independently with little supervision
- Self-motivated
- Willingness to take on other tasks that support the goals of the Credit Union while remaining flexible in an ever changing environment
- Effective verbal, written, and interpersonal communication skills
- Ability to hold information in strict confidence
- Analytical and mathematical skills
- None
- Standing - Occasionally
- Walking - Occasionally
- Sitting - Frequently
- Lifting - Rarely (40 Lbs)
- Carrying - Rarely
- Pushing - Rarely
- Pulling - Rarely
- Balancing - Rarely
- Stooping - Rarely
- Kneeling - Rarely
- Crouching - Rarely
- Crawling - Rarely
- Reaching - Occasionally
- Handling - Occasionally
- Grasping - Occasionally
- Feeling - Occasionally
- Talking - Frequently
- Hearing - Frequently
- Repetitive Motions - Frequently
- Eye/Hand/Foot Coordination - Occasionally
- Noises louder than normal speaking volume - Occasionally
- Temperature Changes - Rarely
- Atmospheric Conditions - Rarely
Additional Information
The pay range for the Mortgage Disclosure Analyst Junior is: $20.57 to $22.58 per Hour (S11)
The pay range for the Mortgage Disclosure Analyst is: $22.62 to $25.45 per Hour (S12)
Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.
This position is eligible for our corporate bonus program based on company performance.
Benefits Summary Sheet
At Ent Credit Union, we offer a comprehensive benefits package, including:
- Health Benefits: Affordable insurance, 24/7 doctor access, and a nationwide provider network.
- 401(k): 3% automatic contribution after three months, plus up to 6% matching.
- Paid Time Off: During your first year, enjoy 16 days of paid time off (PTO) plus 9 paid holidays. And it grows from there.
- Volunteer Time Off: Paid time off to give back to the community.
- Education Support: Up to $10,000 annually for higher education and assistance for certifications.
-
Exclusive Discounts: Significant savings on home, car, and personal loans.
For more information about our outstanding benefits please visit our careers page at www.ent.com/careers.
We anticipate this position to close on 02/12/2025. Please submit your application at your earliest convenience to be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
