Assumption Loan Processor at TEKsystems

Description:

• Hiring for 2 roles within this group - one will be more focused on the front end and one on the back end of assumption loan process.
• Front end: someone with originations or loan processing experience. May interact with borrowers, need to understand mortgage servicing, making calls, collecting paperwork, etc.
• Back end: someone with loan closing experience, title experience, prepping closing documentation, disclosure experience

Job Duties:

The Assumption Processor is responsible for evaluating initial assumption applications for eligibility based on investor guidelines, including VA, FHA, Fannie Mae, Freddie Mac and private investors. The processor works primarily with borrowers and applicants to receive and review loan applications, send/receive disclosures, pull credit, calculate debt-to-income ratios, obtain conditions, and submits complete packages to underwriting for a credit-qualifying review.

Responsibilities:

• Responsible for Customer, Client, Third Party Interaction, including phone, email, and paper communication
• Performs reviews and processing with comprehensive understanding of agency and other investor guidelines, all mortgage legal documents and compliance issues
• Reviews assumption requests for eligibility based on client and investor guidelines
• Prepares and sends new assumption applications to eligible parties
• Serves as point of contact for all assumption questions; walks borrower/applicant through assumption process and set expectations around processing, underwriting and closing timelines
• Reviews incoming applications to determine completeness; works with borrowers/applicants to obtain missing documentation, such as bank statements, pay stubs, processing fees, property tax bills, etc.
• Ensures NMLS certification is completed annually to maintain active LO status
• Prepares various TRID disclosures, including Loan Estimates, at the onset of the assumption process to ensure compliance with investor and regulatory requirements
• Submits complete applications to underwriting

Skills:

mortgage processing, loan origination, loan closing, assumption loan, calyx

Additional Skills & Qualifications:

• Knowledge of Calyx preferred
• Prior Assumptions experience is a big plus
• Loan processing experience

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.