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Mortgage Specialist
Ref No.: 18-06518
Location: Austin, Texas
A Major Financial Firm located in Austin, TX has an immediate contract to permanent opportunity for a Mortgage Specialist.

JOB DESCRIPTION
• 2-5 years related experience, preferably in the mortgage banking or financial services industry. Experience in mortgage processing or closing and/or title and escrow is highly preferred.
• Must be detail oriented with good organizational skills. Able to work independently and work well under pressure.
• Basic proficiency in Microsoft Office Programs, Microsoft Word, Excel and Outlook

Job Duties:
Monitors HECM Reverse Mortgage loan portfolio to ensure that all HECM Reverse Mortgages are assigned to HUD at 98% of Maximum Claim Amount. Audits the loan file to confirm all HUD requirements for Assignment have been met and are documented. As part of daily duties reviews collateral documents, insurance, tax statements, occupancy, appraisals and trust documents. Problem-solves any issues arising from deficiencies around these documents. Prepares Assignment package at 98% MCA and sends to HUD servicer for approval. Upon approval by HUD, sends Assignment to County to be recorded.