Loan Operations Assumption Specialist II

Job Details Job Location Meriden CT - Meriden, CT Description Job Summary The Loan Operations Assumption Specialist II supports the company's Loan Operations department by assisting with research, conducting document review and creation, performing analysis and other support activities regarding assumptions. The Assumption Processor is also responsible to assure all documentation meets Federal, State, and Investor requirements in preparation for underwriting review and loan closure. Essential Duties and Responsibilities Assists the Assumption Specialist III in the management of the pipeline of assumption loans for end-to-end processing. Reviews file submissions for accuracy and completeness. Verifies that all required documents are properly located in our imaging system and the loan files. Requests and follows up on all outstanding items with Assumers. Maintains a high level of customer service by being proactive in communicating with team members, borrowers and assumers. Assists with updating file-related activities, reviews, cross-checks, follow up. Maintains all tasks for accuracy and ensures appropriate timelines are met. Builds, maintains, organizes and tracks files for completion. Prepares written correspondence. Reviews and monitors new and updated laws and regulations. Maintains updated processes and job aids Performs other duties as assigned Position Requirements Education High school diploma or equivalent required. Experience Minimum two (2) years of related experience is required. Mortgage assumption or origination industry experience preferred. Functional/Technical Skills Strong background and knowledge in mortgage lending and loan servicing preferred. Creative thinking and problem-solving skills. Strong knowledge of local, state, and federal laws and regulations. Ability to work independently with minimal supervision. Ability to interact and communicate effectively with various internal and external stakeholders. Strong attention to detail, with a focus on identifying outliers, researching them, and obtaining resolution. Ability to multi-task and prioritize. Excellent verbal and written communication skills. Solid working knowledge of MS Office with a strong level of proficiency in Excel and PowerPoint. Benefits Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans, dental, and vision insurance. We provide short term and long-term disability insurance, basic life insurance, 401(k), and 10 employer paid holidays. In addition, we offer supplemental benefits to include life insurance, critical illness and accident plans. Environmental/Physical Demands Work is typically performed in a standard office environment. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to sustain predictable work attendance, communicate with others, frequently required to stand, walk, sit, and use arms, hands and fingers to reach, handle or touch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus. Pursuant to the Americans with Disabilities Act, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description is not designed to cover or contain a comprehensive listing of all activities, duties or responsibilities that are required of an employee. The Company reserves the right to amend or modify this document at any time and without notice.

Created: 2024-11-05