What are the responsibilities and job description for the Mortgage Operations Disclosure Specialist (TRID) position at Verus Mortgage Capital?
This position will execute critical mortgage processes to achieve business results and deliver the intended customer experience. Operational processes may include preparing disclosures (LE), CDs, closing documents and reviewing mortgage documentation and other activities. All activities are completed in compliance with Verus and regulatory requirements.
Responsibilities and Duties:
- Works with the title company, broker, and all other pertinent parties to coordinate the logistics of disclosing an application and associated responsibilities.
- Prepares and distributes the initial Lender Disclosure package and initial CD package and ensures all transactions are properly documented and authorized in accordance with standards.
- Responsible for individually assigned pipeline daily, managing SLAs to accomplish compliance/regulatory timing for issuing disclosures, re-disclosures, and initial CDs.
- Provides customer service to the broker during the disclosing and pre-closing process.
- Ability to review loan payoff figures and verify accuracy.
- Communicates title fee/pricing quotes and troubleshoots potential documentation
- Reviews all Early Disclosures for accuracy and completeness including the applicable TRID and state specific broker documents as prepared by the Broker for all purchase and specific refinance first mortgage loan applications.
- Monitors and prepares all re-disclosures to Broker and borrower for all appropriate valid change circumstance requirements.
- Provides accurate, consistent, knowledgeable responses to stakeholder or broker questions and requests specific to TRID Disclosing requirements.
- Follows documented policies and procedures to execute transactions, activities, processes and ensures all Service Level Agreements (SLAs) are met.
- Checks and reconciles information and documentation to ensure accuracy and completeness.
- Identifies and resolves discrepancies and escalates issues, where necessary, keeping the Broker Coordinator and Broker informed.
- Performs administrative tasks such as distributing/collecting/filing/etc. documentation and information.
- Manages documentation to ensure that disclosure records are maintained in a proper manner and kept to applicable timeframes.
- Develops and maintains effective relationships with internal & external stakeholders to execute work and fulfill service delivery expectations.
- Develops and maintains an understanding of the regulatory requirements and risks inherent in the operations to ensure appropriate actions are taken and operational integrity is maintained.
- Broader work or accountabilities may be assigned as needed.
Education and Experience:
- High school diploma or equivalent
- 2 - 3 years of Processing and Closing Experience
- Working knowledge of TRID and its requirements
- Knowledge and experience using various mortgage origination systems and technology.
- Knowledge and understanding of the business unit’s key products and services, processes, and controls.
- Knowledge of the risk and regulatory requirements of the business.
Key Competencies:
- Regulatory and Compliance Knowledge: Strong understanding of TRID requirements and mortgage industry regulations.
- Attention to Detail: Ensuring accuracy in disclosures, documentation, and processes to meet compliance standards.
- Customer Service Excellence: Ability to effectively communicate and provide support to brokers, title companies, and other stakeholders.
- Time Management and Organization: Managing individual pipelines, adhering to SLAs, and ensuring timely issuance of disclosures and re-disclosures.
- Technical Proficiency: Experience with mortgage origination systems and technology to handle documentation and record-keeping.
How This Role Demonstrates Our Values:
- Integrity: Ensures compliance with TRID and regulatory requirements, maintaining transparency and ethical practices.
- Collaboration: Works closely with brokers, title companies, and internal teams to achieve seamless operations and mutual success.
- Excellence: Delivers accurate, timely disclosures and documents while adhering to high standards of quality and service.
- Critical Curiosity: Analyzes discrepancies, solves problems, and continuously seeks opportunities to improve processes and outcomes.
Physical Requirements:
- Ability of Sitting, standing, and computer keyboard
- Ability to lift 15lbs at times.
Benefits
- Great compensation package
- Attractive benefits plans and paid time off
- 401(k) w/ company matching
- Professional learning and development opportunities
- And much more!
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.
About Invictus Capital Partners / Verus Mortgage Capital
Verus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
Department
Wholesale Group
Employment Type
Full Time
Location
Bloomington, MN
Workplace type
Onsite
Reporting To
Wholesale Operations Manager