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Post Closing TRID Specialist
NightOwl Consulting
Posted 13 days ago
Description

Post Closing TRID Specialist

Department: NightOwl Internal

Employment Type: Full Time

Location: Back Office

Compensation: ₱50,000 - ₱60,000 / month



Description

The Post-Closing Specialist is responsible for addressing any issues related to closed loans that could result in a TRID compliance violation or ultimately prevent the sale of a closed loan. In doing so, the Post-Closing TRID Specialist will utilize the loan origination system (LOS) to monitor a closed loan pipeline, ensuring that any needed Post Consummation Closing Disclosures (PCCD’s) are issued in a timely manner and Federal, State, and Investor guidelines are met. Additionally, the Post-Closing TRID Specialist will maintain daily communication with the Post-Closing TRID Team Lead regarding any pending issues, questions, or escalated loans. 


Key Responsibilities

  • Review, analyze, and research Investor deficiencies for remediation.
  • Monitor a suspended closed loan pipeline requiring the issuance of Post Consummation CD’s.
  • Review and obtain clarity from the Investor to determine the documentation needed to cure the defect(s).
  • Perform a Due Diligence review of assigned TRID conditions to determine whether the mortgage loan disclosures are accurate and comply with regulation timelines.
  • Reviews and Compares Loan Estimate and Closing Disclosure documentation for errors based on information uploaded into the system and makes corrections to ensure the data entered reflects accurate/compliant information and meets all state and federal regulations.
  • Completes data input for issuance of Post Consummation Closing Disclosure – verifying all final fees are accurate and reconciled to the Final Settlement Statement.
  • Sends prepared Post Consummation Closing Disclosure via Encompass to the borrower or via US Mail with refunds when applicable.
  • Work with internal departments to obtain needed documentation to cure deficient loans timely.
  • Preparing formal written responses to investors to dispute invalid conditions.
  • Accurately track and record all events and communications of the loan file.
  • Monitor the LOS System for updates on deficient loans or new conditions as received.
  • Have a strong understanding of Agency and Investor guidelines and overlays.
  • Meet daily production goals set by management and adhere to internal SLA timelines.
  • Maintain customer confidence by providing ongoing quality service and keeping all files and information confidential.
  • Demonstrated experience with attention to detail, written and oral communication, multi-tasking, working in a team atmosphere adhering to strict deadlines.


Skills, Knowledge and Expertise

  • Minimum of 5 years experience in recent mortgage closing and/or post-closing activities, with an extensive knowledge of Regulatory and Investor guidelines for various loan programs.
  • Must be able to meet deadlines, multi-task, and adjust priorities as necessary.
  • Must possess strong organizational, analytical, communication, and interpersonal skills, including the ability to work with all levels of management and third-party vendors.
  • Independent worker, detail-oriented, excellent judgment, and decision-making skills.
  • Excellent customer service skills.
  • Excellent written and verbal communication skills.
  • Proficient in Microsoft Office Suite.


Benefits

  • Above market salary
  • HMO with free dependent
  • Paid leave incentives
  • Performance based Incentives
  • Quarterly Company Events
  • In-depth training for career growth

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