Mortgage Disclosure Specialist

Washington Trust has an opportunity for a Mortgage Disclosure Specialist to join our Retail Lending Department. As a Mortgage Disclosure Specialist, you will be responsible for auditing, verifying, preparing, and ensuring that the mortgage loan disclosures are accurate and comply with regulation timelines. 

Primary Responsibilities include:

• Send initial disclosure packages to borrowers which will include accurately preparing the Loan Estimate. 
• Ensure all transactions are in accordance with TRID, company policy, and state and federal regulations.
• Verify validity of Change of Circumstance request in accordance with company policy, and state and federal regulations. 
• Review and audit withdrawn/denied applications along with monitory regulatory requirements.
• Provide oversight of inactive loans to ensure cancellations and declines are completed in a timely manner in accordance with company policy, and state and federal regulations.
• Work directly with compliance to ensure the Mortgage Lending department is meeting HMDA guidelines.    
• Participate in compliance reviews, projects and training efforts.
• Provide guidance to less experienced company personnel on regulatory matters, as appropriate.
• Review executed disclosures for accuracy and document/track any errors and/or omissions for all disclosures.
• Order appraisals and title’s before submitting loans to the processing department.

Additional responsibilities may include (depending on experience):

• Regulatory Compliance (Daily Compliance audits (TRID, HMDA, demographic info)) verifies information, handles NOI’s
• Manage the receipt of appraisals (orders, follow up, clarifying)
• Procedure management for the Disclosure Desk function
• Write, update, maintain knowledge of compliance changes to incorporate in procedures, and 
• Maintain product information and requirements that impact disclosure operations)

Requirements/Qualifications:

Skills, Education

• High school diploma or GED; some college coursework preferred.
• 2 years of relevant experience in mortgage compliance, loan processing or closing.   
• Previous experience with one or more bank/mortgage industry Loan Origination Systems (Encompass) preferred.
• High attention to detail.
• Possess good organizational skills with the ability to multi-task.
• Ability to work independently with a sense of urgency.
• Basic Microsoft Word and Excel skills, as well as prior experience with CRM systems (Velocity)
• Demonstrated effective communication and interpersonal skills.   

This position has remote opportunities when you are located within RI, CT or MA.

Compensation: A good‑faith, reasonable estimate of the base salary range for this role is $53,000 to $72,000 and the actual offer will depend on factors such as experience, skills, training, certifications, and education. This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan.  We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011! 

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.   

Salary : $53 - $72