Mortgage Servicing Assumption Specialist If you like to work with people in a family atmosphere, enjoy great benefits and provide unequaled personal service to every customer, consider a career with Bell Bank. Company Information: Bell Bank was founded in 1966 and headquartered in Fargo, North Dakota. It is the largest family-and employee-owned bank in the upper Midwest, and one of the largest in the nation, with assets of more than $10 billion. Bell Bank has full-service banking locations in North Dakota, Minnesota and Arizona. Bell has empowered more than $26 million in charitable giving through its unique Pay It Forward initiative, through which every employee chooses each year how to help individuals, families and organizations in need. Bell Bank has been recognized as a top workplace by American Banker, Forbes and Fortune . If you want to work for an established, growing, forward-looking organization with world-class employees, this is the place for you. Let Bell Bank be your destination workplace. Bell's Values: As stewards, dedicated to the growth and reputation of this independently owned organization, we are committed to: Promoting and sustaining our family atmosphere. Providing unequaled personal service to each and every customer. “Paying it forward” by giving back to the communities we serve. Our Bottom Line: Happy Employees! Happy Customers! Job Summary: This primary responsibilities for this position are to facilitate the assumption process between the existing borrower, new borrower, title companies, and the Bell originations and underwriting groups. This position ensures that all necessary application and qualification documents are obtained and handles all communications with the assuming parties. Additionally, this position will handle all system updates to ensure accurate record keeping, as well as processing deed transfers, releases, and appropriate document recordings. This position will also be the lead processor for all partial release of interest requests and related loan modifications. Primary Duties: Update and maintain position procedures. Primary point of contact for all assumption inquiries. Pre-qualify applicants as necessary and discuss qualified assumption process, requirements and steps with applicants. Collect and review all required documentation in order to provide complete loan package to underwriting. Facilitate execution of assumption agreements and required documentation between borrowers, title and origination. Submit completed documentation to the investor or government agency as necessary. This position is required to maintain a working knowledge of all Bell Bank, State, Federal and investor guidelines in order to ensure compliance with rules and regulations. Works with legal department compulsory legal processes. Update MSP when received from title companies. Update FHA Connection or VA WebLGY sites with new borrower information. Appropriate funds to proper GL accounts after loan funding. Serve as a resource to the Manager and research processes and procedures to find efficiencies within the system. Know by name and face as many customers and employees as possible, calling them by name as often as possible. Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards. Know, understand, and live the company values and bottom line. Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations. All employees are responsible for information security, including compliance with policies and standards which protect sensitive information. Perform other duties as assigned. Job Skills Required: Two to three years of experience in mortgage servicing processing assumptions. Extensive knowledge of conventional conforming, FHA, VA guidelines. Knowledge of state and federal agency mortgage guidelines and regulations. Detail oriented, organized, have excellent problem-solving skills and math skills. Must be a team player with strong attention to detail and the ability to work independently. Ability to be flexible and adapt well to change. Bell Bank provides competitive compensation and an excellent benefits package. Bell Bank Equal Opportunity Employer
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