Assumptions Closing Specialist- Remote

LoanCare

9d • $19 - $29 • Remote

About The Position

The Assumptions Closing Specialist supports the assumption process by reviewing TRID disclosures, validating loan and borrower information, and ensuring the accuracy and completeness of all related documents. The role works closely with internal teams and external parties to resolve issues, ensure proper recording of documents, and uphold compliance and quality standards.

Requirements

• High School Diploma or equivalent required.
• Minimum of 2 years of experience in mortgage banking, mortgage servicing, or a related real estate field.
• Prior experience processing mortgage assumptions.
• General knowledge of mortgage lending processes, associated documents, and industry terminology
• Understanding of financial products and related services.
• Working knowledge of FHA, VA, Conventional, and USDA loan programs
• Ability to navigate and use multiple computer systems, applications, and research tools efficiently.
• Strong mathematical aptitude with the ability to validate calculations and financial data.
• Proficiency in Microsoft Office applications, including Word, Excel, and Outlook.
• Experience working with ICE Mortgage Technology’s MSP servicing platform.
• Previous experience using a Loan Origination System (LOS).
• Demonstrated attention to detail with commitment to accuracy and consistency.
• Ability to work independently while also contributing effectively to a team environment.
• Ability to learn and apply rules, regulations, and laws to meet state, investor, client, and insurer requirements.

Nice To Haves

• Associate’s degree in Business or Accounting.
• Demonstrated experience in customer service or consumer relations roles requiring strong verbal and written communication skills is preferred.

Responsibilities

• Review TRID pre-closing disclosures, including Loan Estimates and Closing Disclosures to ensure accuracy.
• Validate all mathematical calculations, loan data, demographic details and client/investor information to ensure accuracy across all loan documents.
• Review assumption agreements for completeness and accuracy.
• Assist with clearing closing conditions.
• Examine all file documentation for completeness and proactively follow up with borrowers and applicants to obtain any missing information.
• Serve as a liaison among internal departments, customers, and third parties to facilitate issue resolution and ensure a smooth assumptions process.
• Monitor, track, and confirm that assumption documents are properly recorded with the appropriate counties, including addressing and resolving any errors or rejections. › Assist with updates to policies, procedures, and quality control activities to enhance operational effectiveness.
• Handle all written and verbal communications professionally with borrowers, clients, investors, insurers, subordinate lien holders, and real estate agents.
• Respond to and return voicemails, escalations and all other requests within 24 hours of receipt.
• 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
• Number of Employees: 1-10 employees