Responsible for the maintenance of insurance records and timely premium disbursements for all escrowed loans
Monitor the work of the insurance vendor to ensure premiums are paid and customer-related issues are resolved timely
Process the Daily Import files to update the system with the most current insurance information from the vendor
Review loans that reject in the insurance batch before finalizing insurance disbursements for that particular day
Monitor and respond to emails as needed for the team email inbox
Review closing documents within the imaging system as research requires
Complete reports and logs to ensure insurance information is current in the system and send any info/policies to the vendor to update the system via the daily import
Analyze the Monthly Lender-Placed Insurance bill and pay accordingly
Create/maintain procedure documents as requested
Research insurance lines during the monthly analysis process as needed
Respond to HOA research items such as requesting payments and sending letters to the HOA to obtain amounts due to avoid liens on a property
Process daily flood files for newly activated loans and submit to flood vendor to update the certificate
Reconcile flood files for all loans being transferred out and submit to flood vendor as requested
Monitor deposits and disbursements between SMS and the insurance vendor for all Loss Draft funds
All other duties and special projects as assigned
Reports to Onsite Support Manager in the Lender Solutions department
Requirements
High school diploma/GED
1-3 years experience in a similar position
Proficient with MS Office
Knowledge of Microsoft Excel
Exceptional telephone demeanor
Ability to maintain a high level of confidentiality
Basic understanding of Loss Mitigation, REO, Bankruptcy, and Foreclosure
Ability to research and comprehend state laws and regulations
Excellent work ethic, high productivity, and attention to detail
Strong written and verbal communication skills
Ability to multi-task
Time management and organized
Preferred: Associate’s or Bachelor’s degree in a business or financial related discipline
Preferred: Experience in a mortgage banking or real estate financing environment
Physical Requirements: Repetitive motion; Manual dexterity, arm and upper body range of motion sufficient for use of a keyboard, mouse and telephone; Ability to sit at a desk 7-8 hours per day; Speech and hearing sufficient for in-person and telephone communication; Vision sufficient for use of a computer monitor