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POST DATE 8/27/2016
END DATE 11/5/2016
JOB DESCRIPTIONOverview: 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: The applicant will review reverse mortgage documentation, to identify events and document them on a loans timeline. Once the timeline is established, the applicant will review all CIT and third party invoices to determine what transactions can be claimed in HERMIT and filed with HUD for reimbursement. The applicant will also be needed to review loans that have already been submitted to HUD, to identify any transaction that might have been missed on the initial claim, those findings will be filled within a supplemental claim in the HERMIT system and also be file to HUD. The applicant will also need to organize all information gathered, into a cohesive package for filing and submittal to HUD.
The qualified administrator will be required to prepare, review, submit, and reconcile reverse mortgage deficiency claims being filed against qualified insurance with HUD.
Qualifications: The qualified administrator will be required to prepare, review, submit, and reconcile reverse mortgage deficiency claims being filed against qualified insurance with HUD.