Post Closing TRID Specialist

Post Closing TRID Specialist

Department: NightOwl Internal

Employment Type: Full Time

Location: Back Office

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

Description

Only applicants with 5 years+ experience in mortgage closing and/or post-closing activities will be interviewed

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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