Correspondent Loan Setup & Disclosures Specialist

About JMAC Lending:

At JMAC Lending, we pride ourselves on over 25 years of dedicated service. Our mission is to provide exceptional support and innovative solutions that empower our partners to thrive. We’re not just about meeting today’s market demands; we aim to be the preferred lender that clients turn to again and again. Our talented team boasts impressive credentials, continuously enhancing their skills through ongoing education, ensuring a perfect blend of knowledge and experience. Built on a foundation of the highest ethical standards, we are committed to delivering competitive product pricing with efficiency and precision for wholesale and correspondent lending.

The Opportunity:

The Loan Setup & Disclosures Specialist plays a vital role in reviewing and facilitating the setup of Correspondent loan files for underwriting submission. This position also involves ensuring timely issuance of disclosures and adherence to compliance requirements throughout the loan process.

This is a Full-Time/Remote opportunity offering competitive pay ranging from $22 to $26 per hour.

Key Responsibilities:

Review/Prepare Initial Disclosures

• Analyze initial disclosures provided by clients to ensure compliance and timing standards are met.
• Draft initial disclosures for client review or issuance to adhere to timing requirements.

Review Submission Requests

• Examine loan submission documents for completeness prior to underwriting submission.
• Organize and update the status of submission documents accordingly.
• Identify and add conditions for any missing items at the time of submission.
• Generate a Notice of Incomplete Application for submissions that are lacking necessary information.

Review and Redisclose Change of Circumstance

• Assess COC requests to verify their validity and ascertain if redisclosure is necessary.
• Redisclose disclosures in accordance with TRID timing requirements.

Issue Closing Disclosures

• Confirm Closing Disclosure requests using the Doc Request Form.
• Engage with clients to gather required documentation for an accurate Closing Disclosure.
• Ensure the Closing Disclosure complies with loan term requirements and regulatory standards.

Task Coordination and Communication

• Support clients with questions or issues related to disclosures and submissions.
• Guarantee all requests are addressed within required turnaround times, including: Service Level Agreements (SLA), COC requests, and Initial Closing Disclosure requests.
• Oversee pipelines and dashboards to ensure timely completion of all tasks.
• Act as the main point of contact for all inquiries regarding disclosure and submission tasks.

Other related duties as assigned

Requirements

• A minimum of two years of experience in mortgage-related positions
• Experience with Encompass is essential
• Familiarity with TILA-RESPA Integrated Disclosure (TRID) guidelines
• Knowledge of various loan programs including Conventional, Government, Jumbo, and Non-QM
• A High School Diploma or equivalent is required
• Skilled in utilizing mortgage loan operating software and systems
• Strong computer proficiency, particularly in Microsoft Office applications
• Exceptional written and verbal communication skills for engaging with both internal and external stakeholders
• Meticulous attention to detail
• Ability to juggle multiple tasks while prioritizing workload to meet deadlines
• A collaborative spirit with the capability to work effectively in a team and across departments
• Adaptability to changes in policies and procedures

Benefits

• A comprehensive health care package with great Medical, Dental, and Vision coverage
• Flexible life insurance options, including Basic, Voluntary, and AD&D
• Generous paid time off for those much-deserved vacations and holidays
• 401k plan to support your retirement savings
• Short-term and long-term disability protection for peace of mind
• Support for family leave when you need it
• Opportunities to engage in our wellness programs

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.