Summer Associate Internship (Mortgage Assumption Specialist)

Overview

The Mortgage Assumptions Team, within Real Estate Mortgage Servicing, manages the transfer of mortgage loan obligations through the assumption process while ensuring compliance with investor, regulatory, and servicing requirements. The team partners closely with Member Services, Collateral Review, Compliance, Risk, and Technology to deliver an efficient and positive member experience.

The Summer Association Intern will support operational excellence and servicing modernization initiatives by assisting with business reporting, process improvement, workflow analysis, and operational performance tracking. The intern will gain exposure to the end to end assumption process, collaborate with cross-functional partners, analyze business trends, and contribute to projects focused on improving efficiency, scalability, and member experience.

The Summer Associate Program is a 12-week internship program beginning in May 2027 and ending in August 2027. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2027 or later.

Responsibilities

Potential Projects

The Summer Association may support a variety of initiatives, including:

• Analyzing assumption production, inventory, cycle times, and service level performance to identify trends and improvement opportunities.

• Assisting with the development of dashboards, scorecards, and reporting tools to support leadership decision-making.

• Supporting process improvement and Servicing Modernization initiatives by documenting workflows and recommending efficiency enhancements.

• Evaluating opportunities to automate manual processes and improve operational controls.

• Assisting with workforce planning, capacity analysis, and productivity reporting.

• Researching member experience trends and developing recommendations to streamline the assumption journey.

• Partnering with cross-functional teams on projects focused on operational excellence, risk management, compliance, and service delivery improvements.

Responsibilities

• Analyze assumption production, inventory, cycle times, and service level performance.

• Assist with developing dashboards, scorecards, and operational reports.

• Support process improvement and Servicing Modernization initiatives.

• Identify opportunities to improve efficiency, automation, and operational controls.

• Conduct data analysis to support workforce planning, productivity, and business decisions.

• Collaborate with cross-functional teams, including Member Services, Compliance, Risk, and Technology.

• Prepare presentations, reports, and recommendations for leadership.

• Participate in business reviews and present project findings at the conclusion of the internship.

• Perform other related duties as assigned

Qualifications

• Proficiency with Microsoft Office, particularly Excel and PowerPoint.

• Strong analytical, research, and problem-solving skills.

• Ability to interpret data and provide recommendations.

• Strong written and verbal communication skills.

• Ability to work independently and collaboratively in a team environment.

• Experience with Power BI or other reporting tools is a plus.

Additional Information

Hours:

• Monday – Friday, 8:00AM - 4:30 PM CT

Location:

• 5550 Heritage Oaks Dr Pensacola, FL 32526

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

• FORTUNE 100 Best Companies to Work For® 2026

• Yello and WayUp Top 100 Internship Programs 2025

• Computerworld® Best Places to Work in IT 2026

• Most Loved Workplace – America’s Top Most Loved Workplaces® 2025

• 2025 PEOPLE® Companies That Care

• Newsweek Most Trustworthy Companies in America 2026

• Military Times 2025 Best for Vets Employers

• Forbes® 2026 America's Best Large Employers

• Forbes® 2025 America's Best Employers for New Grads

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• 2025 RippleMatch Campus Forward Award Winner for Overall Excellence

• Military.com Top Military Spouse Employers 2025

• 2026 Handshake Early Talent Award

• Newsweek America’s Greatest Workplaces for Culture, Belonging and Community 2026

From Fortune Magazine. © 2026 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 100 Best Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. Fortune Magazine, Fortune Media (USA) Corporation, and its affiliates are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.

Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at [email protected] or by calling 1-888-503-6013. This team cannot provide any information on job postings or application status.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page (https://fa-etbx-saasfaprod1.fa.ocs.oraclecloud.com/hcmUI/CandidateExperience/en/sites/nfcu/pages/employee-benefits) of the Navy Federal Career Site.

Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act. REQNUMBER: 32108