Loan Setup

The Loan Setup & Disclosures Specialist reviews and assists on setting up loan files for submission into underwriting. They also ensure disclosures are issued and compliance requirements are met throughout the loan process.

Job Duties and Responsibilities:

Review/Prepare Initial Disclosures

• Review initial disclosures provided by clients to validate compliance and ensure timing requirements have been met.
• Prepare initial disclosures for client to review or issue to meet timing requirements.

Review Submission Requests

• Review loan submission documents for completeness to submit to underwriting.
• Index and status submission documents accordingly.
• Add conditions for required items that are missing at the time of submission.
• Issue Notice of Incomplete Application for incomplete submission files.

Review and Redisclose Change of Circumstance

• Review COC requests to confirm validity and determine if redisclosing is required.
• Redisclose disclosures within TRID timing requirements.

Issue Closing Disclosures

• Validate Closing Disclosure requests on Doc Request Form.
• Communicate with client and settlement agent for required documentation to prepare an accurate Closing Disclosure.
• Confirm Closing Disclosure meets loan term requirements and compliance.

Task Coordination and Communication

• Assist clients with disclosure and submission related issues or questions.
• Ensure all items received in the disclosures mailbox are addressed within the required turn time such as: Service Level Agreements (SLA), COC requests and Initial Closing Disclosure requests.
• Mail disclosures that have not been consented within TRID timing requirements.
• Manage pipelines and dashboards to ensure tasks are completed within turn time.

Requirements

• Minimum two years of mortgage related role(s)

• Knowledge in TILA-RESPA integrated disclosures (TRID) guidelines
• Understanding in the following loan programs: Conventional, Government, Jumbo and Non-QM
• High School Diploma or equivalent
• Proficient in using mortgage loan operating software and systems
• Strong computer skills, including proficiency in Microsoft Office applications
• Excellent written and verbal communication skills for interacting with internal and external relationships
• High level of attention to detail
• Ability to manage multiple tasks and prioritize workload to meet deadlines
• Ability to work effectively in a team and collaborate with other departments
• Flexibility to adapt to changes in policies and procedures

Benefits

• Health Care Plan (Medical, Dental & Vision)
• Life Insurance (Basic, Voluntary & AD&D)
• Paid Time Off (Vacation & Holidays)
• Retirement Plan (401k)
• Short Term & Long Term Disability
• Family Leave
• Wellness Resources

About JMAC Lending:

JMAC Lending has been in business for more than 20 years. Servicing clients better with our innovative products, exceptional service, support and our dedication to helping our partners grow our business. The core of our culture and business approach is to go Beyond Current market options to be the go-to lender of choice for our clients. Our associates hold distinguished credentials and participate in continuing education, to ensure knowledge is carefully balanced with experience. Our company was built on our adherence to the highest ethical standards, while efficiently and carefully executing the delivery of product pricing for wholesale and correspondent lending for our clients.

JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.

DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.