
Process Specialist Position
5 days ago
We are seeking a highly skilled Process Specialist to join our team. The ideal candidate will have 3-4 years of experience in preparing Initial and Final closing documents, with a solid understanding of Conventional Loans; Closing and Legal Documents; Disclosure Documents; Credit Documents; Insurance Documents; MDIA Disclosure timing and APR rules and TILA/RESPA LE/CDs/ICDs.
- The successful candidate will be responsible for reviewing loan packages, creating Initial and subsequent Closing Disclosures (CDs), and coordinating with Title and Settlement agents to ensure an on-time closing.
- Request fees from settlement agent and perform fee analysis
- Prepare Prelim closing disclosure.
- Issue initial closing disclosures/re-disclosures to client
- Solid and detailed knowledge of Conventional Loans; Closing and Legal Documents; Disclosure Documents; Credit Documents; Insurance Documents; MDIA Disclosure timing and APR rules and TILA/RESPA LE/CDs/ICDs.
- Review flood insurance/flood certifications, Title commitment, ownership of deed, Loan approval, tax cert, and prelim closing disclosures
- Closely monitor individual closing pipeline, workload, and volume levels for maximum balance and efficiency.
- Review Power of Attorneys (POA)
- Review Cash to close
- Create closing documents and monitor required waiting periods
- Request preclosing audit prior to Closing
- Deliver final closing documents
- Review final closing documents and clear to fund.
- Ability to understand regulatory requirements and impacts.
- Medium - High degree of familiarity with standard concepts, practices, and procedures within a particular field
- Reviews and prepares disclosures, including Loan Estimate and Closing Disclosure
- Request wire
- Ensure disbursement takes place and loan moves to post close
- Ensure proper and effective communication with settlement agent
- Review signed closing packages for accuracy.
- Provide funding authorization to Title/Escrow Agents.
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