Quality Assumptions Processor

Pennymac • Plano, TX

84d • $45,000 - $66,000

About The Position

The Qualified Assumption Processor will work with applicants who wish to assume the mortgage terms and payment of qualified mortgage loans. The role involves discussing the qualified assumption process, requirements, and steps with applicants when applicable. The processor will analyze and evaluate documentation received from customers, input required information into the underwriting module accurately and within established time frames, and submit completed applications and documents to operations/underwriter. Additionally, the processor will follow the standard purchase operational flow through underwriting and submission to the closing department, perform other related duties as required and assigned, and demonstrate behaviors aligned with the organization’s desired culture and values.

Requirements

• Solid knowledge of mortgage underwriting conditions and of basic automated underwriting systems
• Extensive knowledge of conventional conforming & high balance, FHA, VA guidelines
• UST Certified strongly preferred
• Knowledge of state and federal agency mortgage loan guidelines and regulations helpful
• Must be highly proficient in Excel and Word

Responsibilities

• Discuss qualified assumption process, requirements and steps with applicants (when applicable)
• Analyze and evaluate documentation received from customers
• Input any required information into the underwriting module accurately and within established time frames
• Submit completed application and documents to operations/underwriter
• Follow the standard purchase operational flow through underwriting and submission to the closing department
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

Benefits

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed