Assumption Processor II

Assumption Processor II Req #86 Ewing, 425 Phillips Blvd, Ewing, New Jersey, United States of America Apply Share Job Description Posted Thursday, May 14, 2026 at 12:00 AM | Expires Thursday, May 28, 2026 at 11:59 PM 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:

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 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 Assists with other projects as assigned by Special Products Management 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.

Qualifications:

Bachelor's degree or equivalent experience 3+ years of prior processing experience Strong analytical skills and attention to detail Strong commitment to Excellent Customer Service Advanced knowledge of Excel and spreadsheet proficiency Excellent written and verbal communication skills Ability to problem solve with solutions Knowledge of Calyx preferred Job Details Job Function Mortgage Servicing/Operations Pay Type Hourly Scan this QR code and apply! Download Ewing, 425 Phillips Blvd, Ewing, New Jersey, United States of America