Special Loan Processor

Description

Position: Special Loan Processor

Department: Servicing - Special Loan

Location: Corporate Office: 7450 Campus Dr. Suite 200 , Colorado Springs, CO 80920

Exempt Status: Non Exempt

Compensation & Benefits: 25-30 per hour depending on experience

Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.

About MSF

MSF is a national mortgage lender based in Colorado Springs. MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind.

Role Overview
Work with the internal/external borrowers either through correspondence, tasks or mail. Provide excellent verbal or  written instructions to the borrowers to complete their request.

Essential Duties: In addition to related job duties as assigned, this position will:
•    Monitoring SCRA activities, makes requests for additional information via phone or written request
•    Complete various tasks and ensure work is completed by expected completion date.
•    Issues payoff request upon receipt of completed written requests
•    Updates Mortgage Servicing Platform with assumption information
•    Updates Mortgage Servicing Platform with ACH requests to successfully draft borrowers monthly payment.
•    Updates Mortgage Servicing Platform with loan modification data approved by Loss Mitigation
•    Establishes P224 payee header for disbursing checks throughout servicing.
•    Updates social security numbers from W-9 submissions, validating the authenticity.
•    Works with buydown schedules  and builder incentives for borrowers.
•    Calculates ARM changes and validates the index.
•    Issues balloon notifications.
•    Responding to partial release requests
•    Sending documents to borrowers and Loan Officers that are requested
•    Possess in-depth knowledge of specific loan products, such as Adjustable Rate Mortgages, Buydowns, Step Rates or modifications.
•    Stay current on industry regulations and updates related to special loan activities.
•    Collect, organize, and maintain all necessary documentation for processes.
•    Ensure all documentation is placed in File Hold.
•    Ensure compliance with regulatory requirements and internal policies.
•    Communicate with borrowers to clarify information, request additional documents, and provide updates on the status of the request.
•    Collaborate with other departments, including underwriting, compliance and call center, to address any issues or concerns.
•    Work closely with call center and default operations.
•    Collaborate with legal and compliance teams to ensure adherence to regulations.
•    Identify and resolve issues that may arise during the process of updating Mortgage Servicing Platform.
•    Escalate complex problems to higher management when necessary.
 

Qualifications

Qualifications, Experience & Knowledge
•    Bachelor's degree in finance, business, or a related field.
•    Proven experience in mortgage servicing, with BKI/ICE Mortgage Services Platform.  Minimum 2 years MSP experience.
•    Knowledge of relevant regulations, compliance requirements and GSE rules.
•    Excellent communication and interpersonal skills.
•    Analytical mindset with the ability to make informed decisions.

Physical Requirements 
•    Stationary position; prolonged periods at a desk and working on the computer.
•    Occasional movement about inside the office to walk to offices and office machinery. 
•    Occasional lifting up to 10 pounds, must be able to push, pull, pull up, bend at the knees and waist, twist body at the waist, raise and hold arms overhead, turn head-neck-shoulders as needed, grasp and hold tools and other items with hands, for either extended periods of time or many times throughout the workday.

MSF is an equal opportunity employer. All candidates for employment are considered equally and no distinction is made on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status.  MSF is also committed to providing qualified applicants and employees reasonable accommodation, when necessary, to enable the individuals to complete the application process and/or perform the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to perform any essential job function, should contact Human Resources
 

Salary : $25 - $30