Mortgage Loan Processor Assistant

Job duties:

• Process Assumption Applications: Receive assumption request applications, prepare preliminary paperwork, and inspect file documents to ensure completeness.
• Coordinate with Underwriting: Forward assumption applications to the Underwriting department for approval.
• Manage Deed Changes: Process the addition and removal of borrowers from deeds when changes in ownership occur. Ensure supporting documentation for deed transfers is received and complete.
• Prepare Correspondence: Use templates to prepare letters and other correspondence to request missing documents, confirm receipt of information, or communicate with applicants.
• Handle Deed Transfers: Process deed transfers, send notices to applicants regarding approval or denial, and update the Home Mortgage Disclosure Act (HMDA) Report.
• Create Loan Assumption Agreements: Send new Loan Assumption Agreements for recording once an assumption is approved.
• Ensure Compliance: Follow procedures to ensure compliance with internal business standards and applicable federal, state, and local regulations, including disclosure requirements.
• Provide Administrative Support: Offer support during audits and assist department members as needed.
• Manage Communication Channels: Answer the Assumptions Department email inbox and phone line, providing prompt and accurate responses.
• Maintain Loan Files: Scan documents into the loan file using Blitz or similar systems.
• Perform Other Duties as Assigned: Take on additional tasks and responsibilities as needed to support the department.
  

Qualifications

• 2+ years of industry experience in Mortgage or Financial Services
• Ability to meticulously review documents and ensure compliance with internal and external requirements.
• Capable of managing multiple tasks simultaneously and maintaining accurate records.
• Strong written and verbal communication skills for interacting with applicants, internal teams, and regulatory agencies.
• Familiarity with federal, state, and local regulations related to mortgage and loan assumptions.
• Proficiency in document scanning and loan management software.
  

Compensation

• $22.00-23.00/hour based on experience
• Contract position for 3+ months
  

Schedule:

• Monday-Friday; 8:00am-4:30pm or 8:30am-5:00pm
• Office is located in Mission Valley