Assumptions Specialist - San Diego, United States - Ultimate Staffing Services

Description

Job Description

Req PSPE - Assumptions Specialist

Duration - 3 Months

Location - San Diego, CA

Pay - $23.00/hour

POSITION SUMMARY

The Assumptions Specialist plays an important role in the organization by performing a variety of activities directly related to the organization's assumption operations. The role is responsible for processing assumptions applications when changes in property ownership occur. The Assumptions Specialist also creates new Loan Assumption Agreements and follows through with closing procedures.

ESSENTIAL FUNCTIONS

• Receive assumption request applications and prepare preliminary paperwork.
• Inspect file documents to ensure completeness.
• Forward assumption applications to Underwriting for approval.
• Process additions and removals of borrowers from deeds when changes occur, and verify receipt of supporting documentation for deed transfers.
• Prepare correspondence using templates to request missing document(s), confirm receipt of information, etc.
• Process deed transfers, send notice to the applicant of approval or denial and update HMDA Report.
• Send new Loan Assumption Agreements to be recorded upon assumption.
• 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.
• Answering Assumptions Email box and Assumptions Department phone line.
• Scanning documents to loan file in Blitz
• Perform other duties as assigned.

QUALIFICATIONS

• High school diploma or equivalent required; some college courses/technical training preferred, as well as two or more years total back office financial services industry experience required, preferably in mortgage loan processing.
• General knowledge of overall mortgage lending process, documents and terminology.
• Prior work experience in consumer relations/customer service positions requiring excellent verbal and written communication skills is preferred.
• Highly organized and detail oriented; ability to work in a fast-paced, deadline-driven environment required.
• Basic math skills required.
• Proficiency with data entry, Microsoft Word, Excel and Outlook required.
• Familiar with basic internet searches.
• 10-key by touch strongly preferred.

Familiarity with document retention software; Blitzdoc preferred.

All qualified applicants will receive consideration for employment without regard torace, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status.We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.