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PH
Planet Home Lending LLC
Loan Operations Specialist II
Entry-Level JobVerifiedNo experience needed
Career Insights for Scheduler / Operations Coordinator
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Based on Connecticut data
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What they do
A Scheduler or Operations Coordinator provides scheduling and logistical support for an office, company or organization. May specialize in scheduling required for production or for administrative work.
$55,942 / year median in Connecticut
+7% projected growth
Job Description
Loan Operations Specialist II Req #742 Meriden, CT, USA Apply Share Job Description Posted Thursday, August 20, 2026 at 1:00 AM Join a winning team of innovative thinkers, seasoned mortgage professionals, and financial experts. Build your career at Planet—recognized as a Top Mortgage Employer by National Mortgage Professional. Job Summary The Loan Operations Specialist II will monitor and generate all written communication timely and accurately for all special loan portfolios consisting of Balloon, Adjustable Rate (ARM), Loan Modification process and Service Members Civil Relief Act (SCRA) loans. This position will be responsible for error resolutions of special loan products and process changes/updates to reduce ongoing inaccuracies. The Loan Operations Specialist II, will be the point person for initial internal department questions regarding the processing of special loan functions. This position will support training of special loan functions including reports and MSP data processing. Essential Duties and Responsibilities Updates and reviews the MSP system with all new indices used in the calculation of the ARM portfolio. Ensures appropriate correspondence is sent to borrowers in compliance with applicable law and agency guidelines. Review upcoming changes to ensure all ARM data is accurate and consumer disclosures are sent timely. Supports other members of the team on ARM training and awareness. Performs system maintenance and ensures proper documentation for all adjustments made for critical loan data including changes for loan modifications, due date changes and/or deferments. Ensures appropriate correspondence is sent to borrowers in compliance with applicable law and agency guidelines. Provides support to newer member of the team to ensure department is following process uniformly. Completes all data requirements within MSP for Step Rate Modifications, Balloon Loan, Deferred Interest Loan, Pay Option ARMs and any other acquired special loan population that will need specific MSP data requirements. Ensures appropriate correspondence is sent to borrowers in compliance with applicable law and agency guidelines and provides support to other member of the team on training and awareness of these special loan requirements. Maintains, updates and produces reports for special loan functions to help support the team and identify data discrepancies within current loan portfolio and incoming loan populations. Performs miscellaneous duties as assigned. Position Requirements Education High school diploma or equivalent required Associated Degree Preferred Experience Loan servicing experience preferred Full understanding of Balloon, Adjustable Rate Mortgage (ARM), and SCRA loan documents preferred Understanding of