Specialist IV 8/17/2016
JOB DESCRIPTIONAPPLY Overview: About CIT
CIT (NYSE: CIT) was born in 1908 when Henry Ittleson found a new way to make financing available to businesses in St. Louis, Missouri. Soon CIT was forging paths across the country, into Canada and overseas. But time and experience have produced innovations unimagined a century ago. True to its pioneering legacy, CIT remains an agent of opportunity, providing new resources and fresh perspectives to over one million clients across thirty industries around the globe.
CIT is a financial holding company. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.
For more than 100 years, CIT has steadily innovated, providing carefully tailored financing solutions to meet the needs of a changing global economy. Along the way, CIT continually redefined what it means to be a financing partner, providing ideas as well as capital to build businesses - and relationships - that have endured for decades.
Responsibilities: 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.
Qualifications: Excellent customer service skills, detail oriented, good organizational skills. Must work independently, and be able to work well under pressure. Maintain a good working relationship with other members of the department and other servicing areas.
2-5 years related experience, preferably in the mortgage banking or financial services industry. Experience in title and/or escrow is preferred.
Basic proficiency in Microsoft Office Programs, Microsoft Word, Excel and Outlook