Closing Disclosure Specialist

Position: Closing Disclosure Specialist

Pay:  $24.04 - $25/hr d.o.e.

Location: Remote or Hybrid if resides within 31 miles from Tustin, CA or Austin, TX

Summary:  The Closing Disclosure Specialist is responsible for ensuring the accuracy and compliance of the Closing Disclosure (CD) form in mortgage transactions.  Review and prepare documents that detail the loan terms and closing costs & coordinating with multiple parties to ensure a smooth closing process.

• Generate closing documents: Prepare and issue accurate initial and revised Closing Disclosures to borrowers within federal regulatory timelines, such as the TILA-RESPA Integrated Disclosures (TRID) rule.
• Review and audit files: Examine loan files to confirm that all fees, loan terms, and data are correct before generating the CD. Perform pre-closing quality control reviews and internal audits to ensure compliance.
• Ensure accuracy of fees: Update and verify all third-party fees, including appraisal fees, title fees, taxes, and hazard insurance, making sure they are within TILA/RESPA guidelines.

• Manage timelines: Track and monitor the CD delivery timeline to ensure the mandatory three-day waiting period is met before closing.
• Address changes: Monitor for changes in circumstances that would require a re-disclosure and ensure re-disclosures are issued within the required timeframe.
• Communicate:  Communicate and collaborate with the loan officers, Loan Processors, underwriters, and title companies to resolve discrepancies and obtain necessary information to disclose properly.

• Experience: One to three years of experience in mortgage closing, processing, or a related field within the mortgage industry.
• Education: A high school diploma , while an associate's or bachelor's degree in a business-related field is preferred.
• Attention to detail: Have a high degree of accuracy and be detail-oriented, with strong analytical and problem-solving skills.
• Industry knowledge: In-depth knowledge of mortgage industry regulations, especially TRID, RESPA, TILA, Equal Credit Opportunity Act (ECOA), and Home Mortgage Disclosure Act (HMDA).
• Technical proficiency: Experience with a mortgage Loan Origination System (LOS), such as Encompass. Proficiency with Microsoft Office Suite, including Word and Excel, is also necessary.
• Communication skills: Strong verbal and written communication skills are essential for corresponding with internal and external parties.
• Time management: Must be able to work in a fast-paced, deadline-driven environment, handling a high volume of files efficiently. 

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