Process Specialist

Key Responsibilities:

• Requires 3 4 year of experience in preparing Initial and Final closing documents
• 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
• Knowledge Skills required for the role
• Requires a high school diploma or its equivalent for US Operation and graduation degree for India Operations with 18 months of experience in preparing Initial and Final closing documents
• Should have knowledge of commonly used mortgage concepts practices procedures and Fannie Freddie guidelines to complete his task
• Should have working knowledge with any Loan origination systems
• Should possess basic knowledge to work on MS offices tools
• Relies on limited experience and judgment to plan and accomplish goals

Additional Responsibilities:

• Work from Office
• US Rotational Shift Timing
• Night Shift
• Location Chennai
• Graduation Preferably BCom BBA 15 years of Full time Education 10th 12th 3 year Graduation Freshers Not Allowed
• Exp 2 to 5 years

Preferred Skills:

India Banking->Consumer Banking, Mortgage, Lending Operations, Commercial Banking