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The Mortgage Assumption Supervisor is responsible for the end-to-end oversight of mortgage assumption processing, including intake, underwriting coordination, approval, execution, and post-close activities. This role ensures assumptions are processed accurately, timely, and in full compliance with investor, regulatory, and internal control requirements, while scaling operations and reducing operational risk.
Job Responsibility:
End-to-end oversight of mortgage assumption processing, including intake, underwriting coordination, approval, execution, and post-close activities
Own the full lifecycle of mortgage assumptions, from borrower request through final approval, execution, and boarding updates
Provide direct oversight of underwriting activities, ensuring credit, income, asset, and occupancy evaluations meet investor and regulatory standards
Ensure assumptions are processed in accordance with GSE, GNMA, and investor guidelines, including ROL and assumption-eligible scenarios
Supervise underwriting workflows, decision quality, and documentation sufficiency
Partner with Underwriting, Legal, Compliance, and Investor Reporting to resolve complex or high-risk assumption scenarios
Identify, escalate, and mitigate operational, credit, and compliance risks
Lead and coach a team of assumption processors and/or underwriters
Establish clear performance expectations, SLAs, and quality standards
Conduct quality reviews, trend analysis, and root-cause assessments to drive continuous improvement
Design and maintain standardized workflows, SOPs, and control checkpoints across the assumption lifecycle
Support automation, tooling, and reporting initiatives to improve throughput and visibility
Ensure audit readiness and support internal, investor, and regulatory reviews
Serve as the primary operational point of contact for assumption-related matters
Provide leadership visibility into volumes, risks, and performance metrics
Requirements:
5+ years of mortgage servicing or underwriting experience, with direct exposure to assumptions and/or ROLs
Prior supervisory or team-lead experience in a regulated mortgage environment
Strong working knowledge of GSE, GNMA, and investor assumption guidelines
Demonstrated ability to manage operational risk and regulatory compliance
Proven experience leading teams through change and scaling processes
Minimum education requirement: High school diploma or GED equivalent required
Nice to have:
Direct underwriting experience in mortgage assumptions
Experience supporting audits, investor reviews, or regulatory exams
Familiarity with LOS, servicing systems, and workflow automation tools
Data-driven mindset with experience using KPIs and operational dashboards
What we offer:
Competitive salary and 401 (k) plan
Comprehensive medical, dental, & vision benefits
Pre-tax deductions for public transportation, rideshare services, and parking expenses
Company-wide orientation and other learning & development opportunities
17 days paid time off, sick days, and 11 company holidays
12 weeks off for both birthing and non-birthing parents - fully paid