Summary of position:
The TRID Processing Specialist is responsible for the preparation and accurate completion of loan documents prior to loan closing. This position obtains the necessary information and requirements for preparing loan documents and is responsible for assembling and verifying the accuracy of loan documentation, ensuring the loan requests meet all compliance and legal guidelines to ensure timely closing of the loan as well as checking documents for proper vesting, legal descriptions, closing dates and signatures. This is a role that also requires knowledge of Loan Regulations, including TRID. |
Key job functions: (Includes current duties, primary objectives, and responsibilities which are critical to the successful performance of the position) - Verifies, compiles and types application information for loans from application to closing, ensuring compliance with all applicable Regulations and guidelines
- Generates all loan documentation including but not limited to Loan Estimates, Closing Disclosures, and all Closing Documents and verifies the accuracy of said loan documents
- Coordinate loan closings & ensure completeness of loan documents including dates, signatures etc.
- Ensures all files are compliant with the bank’s loan policy and banking regulations.
- Act as the bank contact for a variety of customer needs and develop a general knowledge of other departments to be able to assist with basic requests.
- Monitor compliance with Fair Housing regulations, TILA (Truth in Lending Act), FNMA (Federal National Mortgage Association), TRID and other relevant guidelines.
- Verify and review all adverse action letters to ensure compliance with the bank’s loan policy and banking regulations.
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Qualifications: - Strong organizational and interpersonal skills
- Ability to meet deadlines
- Strong computer skills
- Experience with complex entity and loan documentation, lien perfection, collateral protection, lending related regulatory requirements with specific expertise in HMDA requirements.
- Knowledge of LaserPro, DocMagic, and or like kind software for generating loan documents.
- Good attention to detail
- Ability to handle multiple tasks simultaneously in a fast-paced, diverse and growth-oriented environment.
- Excellent oral and written communication skills
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Education and Experience: - Bachelor’s degree preferred.
- High School education or equivalent
- Previous experience in banking with 3-5 years in loan processing or loan servicing, preferred.
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Physical Demands: These physical demands are generally representative of the position. - Hearing, speech, close vision
- Sitting, including computer use
- Driving with own transportation to other branches for meetings/workshops
- On occasions, may be required to lift and/or move up to 25 pounds
- Job responsibilities may include standing, walking, lifting, kneeling, and crouching
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