Commercial Insurance Inspector
EXL
Job Level
Senior
About the role
- Conduct review of loan documents on all new loans as it relates to insurance requirements.
- Liaise with borrowers, insurance agencies, 3rd party agencies, and prior servicers for various projects.
- Notify borrowers of expirations/deficiencies, where insurance does not align with loan documents.
- Audit insurance renewals, completing comparison against the Insurance Module and documents received.
- Obtain evidence of renewal of certificates/policies/policy endorsements and access systems to update waiver backup as needed.
- Complete insurance disbursements as needed and assist Borrowers/Agents regarding insurance disputes, requirements, premium payments and cancellation notices.
- Identify loans where expired insurance requires force placed insurance and connect with Asset Management and Servicing as necessary.
- Assist with Escrow Analysis and Tax payments, as needed.
Requirements
- 5+ years of experience with commercial property insurance
- A detailed understanding of loan terms, complex loan documents, capital structures, pooling, investor reporting and servicing agreements, servicing functions, and process flows.
- Proven written/verbal communication, analytical, and problem-solving skills
- Ability to multi-task and work independently in a time sensitive environment.
- Experience with HUD/FHA, Fannie Mae and/or Freddie Mac (preferred)
- Property and Casualty Insurance License or other insurance designations (preferred)