In Deed Jobs in Meriden, CT (NOW HIRING)

The Loan Assumption Specialist will work with applicants and borrowers who wish to assume the mortgage terms and payment of qualified mortgage loans through a transfer of ownership.

Essential Duties and Responsibilities:

·         Receive assumption request applications and prepare preliminary paperwork, drafting assumption package, communicating with borrowers, assumers.

·         Review file documents to ensure completeness; preparing file for underwriting approval; assumption loan processing, drafting all documents.

·         Manages a pipeline of loans.  Reviews file submissions for accuracy and completeness.  Verifies that all required documents are properly located in the loan file.

·         Understand and ensures all compliance and regulatory are adhered to according to federal and state laws and regulations.

·         Submits completed loan package to underwriter for review and approval.

·         Upon review and approval of underwriter, prepares the loan closing package.

·         Review loan packages, scheduling closings and preparation of loan closing documents

  ·         Process additions and removals of borrowers from deed when changes occur and verify receipt of supporting documentation for deed transfers.

·         Follow procedures to ensure compliance applicable to federal, state, local, investors or other regulatory disclosures and requirements.

Position Requirements

Education:

·         High school diploma or equivalent required

·         Associated Degree Preferred

Experience

·         Mortgage processing/or closing experience required

·         Minimum two (2) years of mortgage experience with a variety of investors

·         Overall knowledge of Mortgage Lending Process

·         Ability to make decisions independently within set policy and procedures

Functional/Technical Skills

·         Effective verbal and written communication skills with ability to instruct members of team.

·         Some reporting experience and data analytics

·         Experience using Microsoft Office

·         Intermediate Microsoft Excel skills

·         Displays strong organizational skills and manages time effectively

·         Ability to multi-task and deal with competing priorities

·         Ability to meet deadlines

·         Ability to adapt to a changing environment

·         Ability to understand and utilize investor guidelines