Disclosure Analyst Use Case

Disclosure Analyst
Use Case

Close faster with a dedicated disclosure analyst who ensures your loans move quickly! Who guarantees that the company’s disclosures, including financial statements and reports, comply with these regulations.

objective of the role

As you grow your business, support your team with a trained, organized, and strong Loan Officer Assistant. NOC PH LOAs take responsibility for the clerical tasks needed to close loans and proactively communicate so your team is constantly in sync!

key responsibilities

Prepare, generate, and deliver accurate initial mortgage loan disclosures within TRID guidelines with a primary focus on conventional loan products.
Analyze escrow data, loan terms and structure, cash to close to ensure compliance.
Coordinate receipt of accurate title fee sheet.
Manage requests to disclose updated fees and rework loans as necessary.
Read, implement and keep track of updates and make changes to workflow, policies, and product as they occur.
Working knowledge of federal lending regulations, CFPB, and TRID requirements for Mortgage disclosures.
Working knowledge of 1st mortgage products to include pricing requirements.
Knowledge of Mortgage lending business terminology and process flow.

Additional TASKS

Read and understand disclosure notes from the loan team.
Log in the file received to the disclosure tracker.
Open escrow and title docs.
Review purchase contracts and enter file contacts.
Pull smart fees.
Complete 2015 Itemization.
Clear any fatal errors and/or hard stops.
Send the disclosure file to the borrower through Blend.
Communicate with the loan team that the disclosure package has been sent and completed.

Data Points

114 sets received and prepared in 21 days.
1 set of disclosures finished in 60 minutes.
On average, when the loan team requests disclosures, within 24 hours, the file is disclosed, scrubbed, signed by the borrower & the loan is assigned to the processor!
- At 5-6 loans per day

One Time Onboarding Fee

$1,500

Average Monthly Cost

$1,600 - $2,000

What Our Clients Say

The NightOwl team has been a welcome addition for our business. We no longer have to worry about support challenges and our business has grown as a result. I couldn't imagine life without them at this point and highly recommend them to anyone considering their services.

Shey (and NightOwl) have truly changed the way we look at offshore talent. It’s an incredible thing you all do and I’m more than thankful we were able to find Shey! She’s become not only an assistant for me, but a friend as well. It’s been so cool to learn about her culture and her day-to-day life.

Hi guys!! just wanted to stop in to let you know that Shara is really doing amazing!!! as of recently, we took on a new transitioning LO and she has been pumping out at least 8-10 disclosures a day on top of all the junior processing stuff! She's doing amazing! just wanted to share! Honestly, I’d be lost without her!

We love all of them. No complaints, just love.

Let’s Collaborate Today!

NightOwl Consulting partners with businesses to build and grow their international teams. Our mission is to connect companies with world-class talent with the vision to build a global family that aspires to reach its highest potential.