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Insurance Specialist - Loan Servicing
Responsible for day to day administration of Escrow, Qualified Written Requests (QWR) and related servicing tasks. Individual will be responsible for the oversight of escrow loans, daily monitoring of reports and other scorecards related to hazard, flood and other insurance activity. Position will be responsible for administration of hazard disbursements within established vendor relationships.
Responsibilities:
- Monitor daily insurance reports and handle all exceptions in a timely manner and ensure the appropriate management reporting and controls are in place to generate, review and correct escrow data on the Servicing System.
- Interface and work with insurance vendors and asset managers to ensure all escrow functions are handled according to established policies and procedures.
- Work with Vendors to ensure all insurance and tax payees are set up and maintained properly.
- Provide management with reporting relative to Lender Placed Insurance, Hazard and Tax.
- Ability to research and obtain needed information nationwide using various resources.
- Perform other duties as requested by Supervisor.
Requirements:
- Bachelor's Degree or equivalent work experience.
- 2+ years mortgage industry and/or financial industry experience.
- 1+ years experience with escrow, flood, tax and hazard.
- Excellent PC skills, including word processing & spreadsheet applications.
- Mortgage servicing experience (Default Servicing experience preferred).
- Sound understanding of mortgage loan collateral and loan servicing documentation.
- In depth knowledge of the Fidelity system, specifically Escrow Workstation.
- General understanding of overall mortgage servicing activities.
- Strong Excel skills.
- Ability to work independently in a multi-tasking environment.
- Strong mathematical aptitude.
- Good written and oral communication skills.