Mphasis
Website:
mphasis.com
Job details:
US Mortgage Loan processor
Shifts Rotational (24*7)
Got it 👍 — I’ve tightened the job posting to focus only on the Closing Disclosure (CD) document and all related fees, removing broader mortgage lifecycle content.
Below is a clean, precise version you can directly use.
Job Title
Closing Disclosure (CD) Specialist – Fees Review
Location
Pune (Magarpatta)
Experience
2+ to 7 years (relevant CD experience)
Job Description
We are seeking a Closing Disclosure (CD) Specialist with strong expertise in CD document preparation and comprehensive fee review. The role is strictly focused on all fees reflected on the Closing Disclosure and ensuring accuracy, regulatory compliance, and alignment with the Loan Estimate.
Key Responsibilities
- Prepare, review, and validate the Closing Disclosure (CD) document
- Review all fees on the CD, including:
- Lender fees
- Origination and discount points
- Title and settlement fees
- Recording fees
- Transfer taxes
- Escrow fees
- Prepaid items
- Third‑party service provider fees
- Perform LE vs CD fee comparison and identify variances
- Ensure fee accuracy across borrower‑paid, seller‑paid, and lender‑paid sections
- Validate fee tolerances (0%, 10%, no‑tolerance categories)
- Calculate and apply tolerance cures where applicable
- Ensure CDs are issued accurately within TRID timelines
- Coordinate with title/settlement agents to resolve fee discrepancies
- Update and correct CD documents based on fee changes
- Maintain accurate documentation for audits and client reviews
Required Skills & Knowledge
- Hands‑on experience in Closing Disclosure (CD) document review
- Strong understanding of all fee components within the CD
- Knowledge of:
- TRID regulations related to CD
- Fee tolerances and cure calculations
- LE vs CD comparison methodology
- Experience across loan types (Conventional, FHA, VA preferred)
- Proficiency in LOS systems (Encompass preferred)
- High attention to detail and analytical accuracy
Good to Have
- CD Quality Control or Audit experience
- Investor‑specific CD fee requirements
- State‑specific title and recording fee knowledge
Education
Graduate in any discipline
Rotational Shifts
Employment Type
Full‑time
Thanks & Regards
Meenakshi Verma
Email: meenakshi.verma@mphasis.com
Contact#: 9596024539
Click on Apply to know more.