What are the responsibilities and job description for the Disclosure Analyst position at NFM Lending?
Job Details
Description
Department Summary:
The Pre-Closing department is responsible for following the TRID rule and ensures that disclosure are to the borrowers at least three business days prior to consummation (closing). The department maintains communication with operations staff and third party vendors to ensure timely delivery of loan documents.
Position Summary:
The Pre-Closing Analyst will be responsible for preparing the initial Closing Disclosure (CD) on behalf of NFM Lending prior to consummation (closing). In addition, the Pre-Closing Analyst is responsible for ensuring all lending files meet federal, state, program, and NFM Lending’s standards by performing audits on loan files.
Top 3 Must Haves to be a Pre-Closing Analyst:
- Knowledge of current banking regulations (RESPA, TRID, Reg-Z, etc.) and be familiar with a wide array of loan products (FHA/VA, Conventional, USDA, etc.)
- Ability to analyze complex problems, recognize patterns, and implement preventive measures
- Excellent customer service skills
Top 3 Responsibilities:
- Audit the loan file after clear to close (CTC) is issued to ensure file is compliant
- Communicate with operations, real estate agents, title companies, and vendors to obtain any required documentation
- Ensure initial Closing Disclosure (CD) is accurate and delivered in a timely manner
Essential Job Functions:
Specific tasks will include, but are not limited to, the following:
- Timely delivery of Closing Disclosure within SLA.
- Review of previous disclosures to ensure compliance.
- Responsible for the auditing of loan files in accordance with NFM Lending guidelines as well as federal and state regulations to ensure the loan meets requirements.
- Input and audit loan data to ensure that accurate and complete loan files are produced.
- Perform a detailed review of the title, sales contract, initial disclosures, appraisal, income documentation and Photo Id’s.
- Perform the final compliance audit check on each loan to be sure we close in compliance with state and Federal High Cost tests.
- Additional tasks as assigned.
Additional Working Conditions Information:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is often required to walk; use hands to finger, handle, or operate computers, objects, tools, or controls; and reach with hands and arms. Specific vision abilities required by this job include close vision and the ability to adjust focus.
Diversity and Inclusion:
At NFM Lending we are a diverse team of champions, industry pioneers and action leaders. We draw on the differences in who we are, what weve experienced, and how we navigate the mortgage industry with focused intention. We work to attract, develop, engage, advance and retain a high performing workforce through fostering an inclusive culture where everyone can join in the journey to success. EOE.
Additional information on the benefits offered can be found at: Benefits
Qualifications
Salary : $25 - $32
