Closing Disclosure

**Job description**

**Position -**Closing Disclosure

**Location -** Gandhinagar, Gujarat

**Shift-** Night/US

**Educational Qualification -** Graduate in any Stream

**Experience -** Minimum 3 Years

**Role -** **CLOSING & FUNDING FOR US RESIDENTIAL MORTGAGE**

**Experience and Knowledge**

1. Minimum 3 years’ experience in US Residential Mortgage.

2. Understanding of complete Mortgage life cycle.

3. Good knowledge of mortgage closing specific documents.

4. Thorough understanding of Initial and Final Closing Disclosure review and creation.

5. Knowledge of fee tolerances from Loan Estimate to Closing Disclosure.

6. Knowledge of multiple mortgage processing software like Encompass, Calyx Point, empower etc. will be an added benefit.

7. Good written and oral communication skills in addition to interpersonal skills.

8. Detail-oriented with strong analytical skills.

9. Ability to make sound decisions based on information provided.

10. Proficiency in Microsoft Outlook & Office.

**Duties and Responsibilities**

11. Complete an accurate and compliant Closing Disclosure to be provided to the borrower within the TRID requirements.

**12. Monitor the borrower’s receipt of the Closing Disclosure.**

13. Maintain effective communication with all necessary parties involved in closing a transaction to ensure a seamless closing experience, starting with CD preparation to issuing Final Closing documents.

14. Ensure accuracy of documents sent to closing, including but not limited to borrower names, rate, term, and loan type, first payment date and escrow information.

15. Work with various internal departments as well as external organizations to obtain closing related documentation or obtain necessary information needed to complete a closing (i.e., payoffs, subordination’s, releases, tax, title, homeowners/flood information).

16. Coordinate funding dates with accounting to ensure accuracy of loan disbursements.

17. Ensure fees for lender and title companies are within TILA/RESPA guidelines.

18. Coordinate closing packages with title companies in a timely manner.

19. Verify that the loan closes within specified locks with investors.

20. Analysing and interpreting compliance reports (MAVENT etc).

21. Follow up on rate lock expirations and document expirations.

22. Keeping an eye on cure amounts while preparing CD.

23. Verification of PITI, APR with UW conditions.

24. Should know Funding Review worksheet and communicate to all parties in real tie

**Education and Qualifications**

24. Graduate/Postgraduate in any Stream

**Benefits**:

- Cell phone reimbursement
- Commuter assistance
- Health insurance
- Life insurance
- Provident Fund
- Work from home

**Benefits**:

- Cell phone reimbursement
- Commuter assistance
- Health insurance
- Life insurance
- Provident Fund
- Work from home

Schedule:

- Monday to Friday
- Night shift
- US shift

Work Location: In person