Assumption Processing Specialist-Remote

LoanCare

3d • $19 - $29 • Remote

About The Position

We are seeking to fill the role of Assumption Loan Processor. The ideal candidate enjoys collaborating with clients, industry partners and internal teams to maximize outcomes for homeowners.

Requirements

• High School Diploma or equivalent required.
• 2+ years mortgage experience.
• General knowledge of overall mortgage lending processes, documents and terminology.
• Knowledge and understanding of financial products and services.
• Knowledge of FHA, VA, Conventional and USDA loans. Ability to navigate multiple computer systems, applications and utilize tools to find information.

Nice To Haves

• Associate’s degree in business or related field.
• Prior work experience in consumer relations/customer service positions requiring excellent verbal and written communication skills is preferred.
• Prior experience processing assumptions.

Responsibilities

• Review loan documents to determine if loan is assumable.
• Prepare and distribute approval and denial letters.
• Prepare and distribute assumption packages.
• Receive assumption packages and log according to department procedures.
• Inspect file documents to ensure completeness and contact borrowers/applicants to obtain missing documents.
• Obtain relevant documents from applicant(s) and submit request for mortgage insurance approval.
• Upload loan documents to vendor website.
• Upload and report documents from completed assumptions to government agencies (FHA, VA, USDA, etc.).
• Make system changes to reflect new borrower (s) MERs and generate SNOW tickets.
• Pull CAIVRS and OFAC reports.
• Pull credit reports, and prepare Verifications of Employment and Verifications of Mortgage.
• Review Trusts & LLCs to ensure they meet agency guidelines.
• Follow procedures to ensure compliance with internal business standards and applicable federal, state, local or other regulatory disclosures and requirements.
• Provide support as needed with audits and to department members.
• Act as a liaison between various functional areas and customers to reach conclusions with customers.
• All other duties as assigned.

Benefits

• Optional medical, dental, vision, life, and disability insurance
• Paid holidays, vacation, and sick leave
• Matching 401(k) plan and employee stock purchase plan
• Access to mental health resources, including free Calm memberships, and initiatives that promote physical and emotional well-being
• Programs that celebrate achievements and milestones
• Enjoy discounts on gym memberships, pet insurance, and employee purchasing programs, plus access to a tuition reimbursement program that supports your continued education and professional growth.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED