New

Mortgage Closer

TEKsystems
$30.00 - $33.00 / hr
life insurance, sick time, 401(k), retirement plan
United States, New Jersey, Ewing
Jul 01, 2025
Description The client Job title is Assumption Processor- the standard title would be a mortgage closer 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 Works with applicant to obtain any conditions as determined by the underwriter Maintains knowledge of investor assumption guidelines; i.e. - required credit score, DTI, ratios Provides direct contact for applicant, borrower and client status inquiries Pulls credit reports, property reports and verification of employment for review, as needed Monitors changes in investor guidelines and update policies and procedures accordingly. Assists in creating policies and procedures for Special Products management Identifies opportunities for process improvement, and works with Special Products management to implement. Assists with other projects as assigned by Special Products Management Provide training for incoming processors Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar's reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards. Skills* loan closing, mortgage closing, closing documents, disclosures, settlement Additional Skills & Qualifications Bachelor's degree or equivalent experience 3+ years of mortgage closing exp Strong compliance background Self-motivated - directed/work independently Superior leadership skills and the ability to work with management peers on common goals Working knowledge of all GSE guidelines (FHA, VA, Fannie Mae and Freddie Mac) Strong organizational and time management skills Detail Oriented Ability to problem solve and create solutions Knowledge of Calyx preferred Pay and Benefits The pay range for this position is $30.00 - $33.00/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a fully onsite position in Ewing,NJ. Application Deadline This position is anticipated to close on Jul 3, 2025. h4>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. About TEKsystems and TEKsystems Global Services We're a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We're a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We're strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We're building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com. The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.