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