Loan Setup & Disclosures Specialist

About JMAC Lending:

With over 25 years of experience, JMAC Lending has been dedicated to enhancing the client experience through our cutting-edge products, outstanding service, and unwavering support. We are committed to empowering our partners and driving business growth together. Our culture is centered around exceeding current market options, making us the preferred lender for our clients. Our team boasts impressive credentials and engages in continuous learning, ensuring a perfect blend of knowledge and expertise. Built on a foundation of ethical integrity, our company efficiently and skillfully delivers competitive product pricing for both wholesale and correspondent lending, prioritizing our clients' needs.

The Opportunity:

The Loan Setup & Disclosures Specialist plays a crucial role in reviewing and facilitating the setup of loan files for underwriting submission. They are also responsible for ensuring that all disclosures are properly issued and that compliance requirements are thoroughly met throughout the loan process.

This is a Full-Time/Fully In-Remote opportunity with working hours from 8:00am-5:00pm in any US time zone Monday-Friday offering competitive pay ranging from $23.92 to $28.08 per hour.

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

• Comprehensive Health Care Package (Medical, Dental & Vision)
• Life Insurance Options (Basic, Voluntary & AD&D)
• Generous Paid Time Off (Vacation & Holidays)
• Retirement Savings Plan (401k)
• Short-Term & Long-Term Disability Coverage
• Family Leave Benefits
• Wellness Support Resources

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.