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Form of workJob Description
The Loan Assumption Processing & Closing 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.
** Position located in our Irving, TX office**
Essential Duties and Responsibilities:
- Receive assumption request applications and prepare preliminary paperwork, drafting assumption package, communicating with borrowers, assumers, title insurance companies, attorneys and investors.
- Review file documents to ensure completeness; preparing file for underwriting approval; assumption loan processing.
- ·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
- Follow procedures to ensure compliance applicable to federal, state, local, investors or other regulatory disclosures and requirements.
- This is a Temporary Position and will not be eligible for PTO or company sponsored benefits.
Position Requirements
Education
- High school diploma or equivalent required
Experience
- Mortgage processing/or closing experience required
- Minimum two (2) years of mortgage experience with a variety of investors
- Overall knowledge of Mortgage Servicing and 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.
- 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 understand and utilize investor guidelines
Business is Booming! Planet Home Lending, LLC, is a privately held, full-service, national mortgage lender and servicer company. Planet is FNMA and FHLMC approved and sells through the Retail and Correspondent Channels, offering FHA, VA, Conventional, USDA, Jumbo, Non QM, and many other products. Planet Home Lending continues to reach month over month sales and servicing increases! Come join us!
