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Assumption Loan Processor II

Location: Irving, TX, United States
Req ID: 012837

Job Description

Description

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Ready to be a Cooper too? This might just be right up your alley!

We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.

Job Profile Summary

Provides quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission. Will contact borrower and / or mortgage broker to collect necessary documentation and act as a liaison between origination staff, underwriters, and customers to effectively close loans.

Job Description

Essential Job Functions

  • Responsible for processing loan assumptions from Mortgage Professional by verifying, compiling and entering borrower information in to loan processing systems. 
  • Reviews loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment. 
  • Verify and analyze loan documentation including income, credit, and title, while maintaining strict compliance with all applicable federal and state regulations. 
  • Serves as primary point of contact for customer throughout the loan process; maintains consistent communication with customer and makes required calls in a timely fashion
  • Enters detailed notes in loan processing system describing activities completed on loan, customer contact and next steps
  • Informs the Processing Manager of discrepancies in the file and obtains direction on how to proceed, as applicable. 
  • Record data to track the status of loans in processing. 
  • Submit loan application files to underwriting for approval, and creates and mails approval or denial letters to applicants. 
  • Draws TRIDS disclosures and reviews with customer.  Also responsible for drawing loan documents
  • Responsible for handling non-public information (NPI) about borrowers.  
  • Adhere to all applicable internal NPI policies and procedures, and  protect the confidentiality of borrower information.
  • Performs administrative duties such as faxing, photocopying, filing and phone support, as required.

Education/Experience Requirements

  • High school diploma or GED.
  • Minimum of 2 years residential refinance mortgage loan processing experience
  • Prior experience involving multi-tasking and detail-oriented responsibilities

Mr. Cooper is committed to nurturing a diverse and inclusive environment where every employee is empowered to be their authentic self.  We know that a large part of our success as a business is directly tied to our ongoing efforts to attract and retain diverse talent and maintain an inclusive environment where each employee can thrive.  Embracing and leveraging diversity through an inclusive work environment fosters new ideas, new insights, and constant innovation.  We strive to weave the principles of diversity and inclusion throughout the fabric of how we work, how we interact, and how we engage with our customers and the community.

Job Requisition ID:

012837

Job Category:

Originations

Primary Location City:

Irving

Primary Location Region:

Texas

Primary Location Postal Code:

75063

Primary Location Country:

United States of America

Posting Organization:

Mr. Cooper

Line of Business:

Origination

Additional Posting Location(s):

Alternate Requisition:

No

Summary

Process assumption loans sourced and transferred by Customer Service
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