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Special Products Specialist (Hybrid) #112059

Location : Hybrid - Ewing, NJ
Job Type : Temp/Contract
Compensation : 21.00 USD/HOUR
Start Date : 03/27/2023
End Date : 02/07/2023
Hours : Full Time
Travel : No
Relocation : No

Job Description :
Special Products Specialist (Hybrid)

A Special Products Specialist is needed in Ewing, NJ! In this role, you will primarily be responsible for analyzing and performing loan-level processes related to special loan products that include, ARM loans, Buydown Loans, Step Rates, SCRA, Bi-Weekly Loans, Partial Releases, Transfers of Ownership, and Balloons. 
This temporary opportunity offers $20-$21/ HR!


Responsibilities of the Special Products Specialist Include:

  • Performs analysis of special loan portfolios to identify potential data errors

  • Analyzes and corrects payment applications related to special products and processes

  • Researches and analyzes loan documents and reviews daily reporting in order to perform loan level data corrections to special loan types

  • Effects system changes for modifications, ARMs, Balloons, Buydowns, Step Rate loans and custom requests from clients

  • Performs loan level reviews and provide results to department management

  • Be able to communicate effectively with Clients, Borrowers, and Client Relations by telecommunication and/or by correspondence

  • Assists in retention modification and recast programs and other client initiatives related to Special Products; including document preparation and borrower communication

  • Verifies data in the loan system, such as interest rate and principal and interest payment amount, to confirm accuracy

  • Ensures borrower notifications for interest rate and principal and interest adjustments on ARMs, Step Rates, and Interest Only loans are sent timely

Required Qualifications :
Requirements of the Special Products Specialist Include:

  • High school diploma or GED required

  • Bachelor’s degree or equivalent work experience preferred

  • 0 to 1 years of experience with Special Loan Products

  • Excellent written and verbal communication skills

  • Microsoft application proficiency

  • Strong commitment to excellent customer service

  • It is critical that you have an understanding of the following:

    • Requirements under the Equal Credit Opportunity Act (ECOA) specifically:

      • notifications of action taken, ECOA notice, and statement of specific reasons,

      • notice of incomplete applications, and

      • specific rules concerning use of information.

    • Requirements under the Truth and Lending Act (TILA) specifically:

      • rate adjustments with corresponding change in payment, and

      • initial rate adjustments.

    • Requirements under the Servicemembers Civil Relief Act (SCRA) specifically, maximum rate of interest on debts incurred before military service and mortgages and trust deeds



Contemporary Staffing Solutions (CSS) has been a leading provider of contract, temporary, temporary-hire & direct hire solutions. We began as a staffing agency and evolved to a national provider of workforce management solutions with a niche recruitment focus in Accounting & Finance, Call Center & Office, Human Resources, Sales & Marketing, & Information Technology. To learn more about CSS, visit our website: www.ContemporaryStaffing.com.

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