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