Summary

The Processor, Escrow is responsible for performing assigned functions within Escrow Administration timely and accurately while remaining compliant with all state, federal and investor guidelines.

Essential Job Functions:

Interact with outsourcing vendors for information and account updates relative to real estate tax processing, insurance tracking and hazard loss claims.Set-up payee headers; reconcile disbursements and escrow refunds.Assist with vendor issues, such as pulling legal descriptions, loading flood determinations, etc.Assist in responding to audits, procuring documents, with department mailings and other clerical duties.Handle/process checks and wires, stop payments, return checks and refunds.Department lead for completion of monthly escrow analysis trial reviews.Coordinate escrow analysis out of compliance reviews.Perform quality control testing of escrow analysis and PMI billing report.Correct and analyze PMI DI exceptions.Administer the PMI/MIP removal process to ensure that coverage is removed in accordance with applicable investor and regulatory requirements.Research items related to tax penalties, tax and insurance matters, loss draft claims and/or escalated client issues.Perform various functions on mortgage servicing system, including but not limited to, review/clear assigned tasks within required timeframes; document required notations; monitor vendor tasks and responses.Monitor/respond to email inquiries.Coordinate department audit requests.Advise supervisor/manager of status of work, unresolved escalated items and/or potential risk/exposure issues.Maintain regular and punctual attendance.Performs other related duties as assigned.

Other Related Duties:

Minimum 2 years mortgage servicing experience preferably in Real estate taxes, homeowners insurance, flood, MortgageInsurance and/or loss draft claims areasProficient in Microsoft OfficeExcellent written and verbal communication skillsGood organizational and follow-up skills

Supervisory Responsibilities:

This position has no supervisory responsibilities.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Education and/or Experience:

Bachelor's degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.

Language Skills:

Ability to read, analyzes, and interprets general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to writer reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills:

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.  Ability to apply concepts of basic algebra and geometry

Reasoning Ability:

Ability to solve practical, problems and deal with a variety of concrete variable in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Certificates, Licenses, Registrations:

None required

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. Work is normally performed in a typical office environment which does not subject the employee to any hazardous elements.

Equal Employment Opportunity  

Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.  

 

Americans with Disabilities Act  

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law. 

 

Job Responsibilities  

The following statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.