Escrow Specialist - Immediate Need in Columbus, OH at Vaco

Date Posted: 3/24/2020

Job Snapshot

Job Description

As an Escrow Specialist, you will be responsible for reviewing and completing escrow analysis in accordance with RESPA (Real Estate Settlement Procedures Act) for all escrow loans and non-escrow loans.

Your daily duties and responsibilities in this role will generally include:

  • Primary responsibilities include procurement and payment of paid escrow items including Homeowners insurance, Property Taxes, PMI, LPMI,FHA, Mortgage Life-Disability, accidental death Insurance prior to their due date avoiding any and all penalties and interest.
  • Conducting quality assurance reviews of hazard insurance and real estate tax payments to ensure compliance with investor requirements, city, school, county, state and federal governments, CFPB and RESPA
  • Assist with departmental processes as it relates to the escrow lifecycle.
  • Provide mortgage payoff quotes to branches, mortgage processing title companies and borrowers as requested.
  • Evaluates loans and performs escrow analysis both when requested and annually to ensure all escrowed loans remain compliant.
  • Identify and resolve complex escrow account issues.

Escrow Specialist Requirements:

  • Bachelor's degree preferred
  • Understanding of loan underwriting and processing procedures
  • Able to multitask with effective and proficient written and verbal communication.
  • Knowledge of legislation and best practicies
  • Detail orientated with excellent organizational, analytical and problem-solving skills

Job Requirements

Specific qualifications for the role include: • Proven experience as mortgage loan processor or similar position • Understanding of loan underwriting and processing procedures • Knowledge of legislation and best practices • Detail oriented with excellent organizational, analytical and problem-solving skills • Outstanding communication and customer service skills