Mortgage Loan Processor istant
5 days ago
Job duties:
- Process Assumption Applications: Receive assumption request applications, prepare preliminary paperwork, and inspect file documents to ensure completeness.
- Coordinate with Underwriting: Forward assumption applications to the Underwriting department for approval.
- Manage Deed Changes: Process the addition and removal of borrowers from deeds when changes in ownership occur. Ensure supporting documentation for deed transfers is received and complete.
- Prepare Correspondence: Use templates to prepare letters and other correspondence to request missing documents, confirm receipt of information, or communicate with applicants.
- Handle Deed Transfers: Process deed transfers, send notices to applicants regarding approval or denial, and update the Home Mortgage Disclosure Act (HMDA) Report.
- Create Loan Assumption Agreements: Send new Loan Assumption Agreements for recording once an assumption is approved.
- Ensure Compliance: Follow procedures to ensure compliance with internal business standards and applicable federal, state, and local regulations, including disclosure requirements.
- Provide Administrative Support: Offer support during audits and assist department members as needed.
- Manage Communication Channels: Answer the Assumptions Department email inbox and phone line, providing prompt and accurate responses.
- Maintain Loan Files: Scan documents into the loan file using Blitz or similar systems.
- Perform Other Duties as Assigned: Take on additional tasks and responsibilities as needed to support the department.
Qualifications
- 2+ years of industry experience in Mortgage or Financial Services
- Ability to meticulously review documents and ensure compliance with internal and external requirements.
- Capable of managing multiple tasks simultaneously and maintaining accurate records.
- Strong written and verbal communication skills for interacting with applicants, internal teams, and regulatory agencies.
- Familiarity with federal, state, and local regulations related to mortgage and loan assumptions.
- Proficiency in document scanning and loan management software.
Compensation
- $ /hour based on experience
- Contract position for 3+ months
Schedule:
- Monday-Friday; 8:00am-4:30pm or 8:30am-5:00pm
- Office is located in Mission Valley
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