Escrow PMI Specialist II
ESSENTIAL DUTIES AND RESPONSIBILITIES
Monthly payment and disbursement of PMI premiums due.
Perform daily/weekly/monthly reviews of all loans to ensure correct system data.
Perform monthly reconciliation reviews of all payments processed in the portfolio.
Review all loans at the time of boarding to validate that MSP information is correct.
Create and Process exception reports to ensure that payments are being made timely.
Review of monthly PMI Termination Reports to ensure that PMI is removed on all qualifying loans in accordance with established guidelines.
Process all requests from borrowers to have PMI terminated, by reviewing payment histories, age of loan and loan to value. Ability to read and comprehend appraisals as necessary.
Review loan documents for validation of PMI coverage, termination date and other key date elements.
Process reinstatements of PMI per established guidelines.
Loan level review and completion of all open tasks as it relates to PMI.
Must be familiar with each investor guidelines and processing systems.
Determine if PMI has been removed prematurely and take the necessary corrective steps.
Handle any customer complaints related to PMI via email and /or written correspondence. Document all findings in the system of record.
Update and maintain PMI rescissions/cancellations documents and work with internal and external clients to mitigate any risk involved.
Validate all PMI data in the system of record on incoming and outgoing servicing transfers.
Process all incoming mail related to PMI.
Weekly processing of validation reports to ensure that all PMI lines are set up correctly in the system of record to include the review of closing documents.
All other duties as assigned
MINIMUM QUALIFICATIONS
High School Diploma or GED required
Associates Degree Preferred
3 to 5 years of experience in mortgage loan servicing (insurance company, escrow department, accounts payable, accounting clerk or similar role may be acceptable) or an equivalent combination of education and experience.
Ability to work independently, successfully prioritize multiple functions and meet deadlines.
Capable problem solver with an analytical mind set and excellent organizational skills.
Possess good written and verbal communication skills. Positive attitude and a customer first focus.
Data entry and 10 key calculator skills required.
Practical and functional computer knowledge to include Excel, Word, Email and internet research.
Open and receptive to change and must have the ability to operate in a fast paced environment.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Monthly payment and disbursement of PMI premiums due.
Perform daily/weekly/monthly reviews of all loans to ensure correct system data.
Perform monthly reconciliation reviews of all payments processed in the portfolio.
Review all loans at the time of boarding to validate that MSP information is correct.
Create and Process exception reports to ensure that payments are being made timely.
Review of monthly PMI Termination Reports to ensure that PMI is removed on all qualifying loans in accordance with established guidelines.
Process all requests from borrowers to have PMI terminated, by reviewing payment histories, age of loan and loan to value. Ability to read and comprehend appraisals as necessary.
Review loan documents for validation of PMI coverage, termination date and other key date elements.
Process reinstatements of PMI per established guidelines.
Loan level review and completion of all open tasks as it relates to PMI.
Must be familiar with each investor guidelines and processing systems.
Determine if PMI has been removed prematurely and take the necessary corrective steps.
Handle any customer complaints related to PMI via email and /or written correspondence. Document all findings in the system of record.
Update and maintain PMI rescissions/cancellations documents and work with internal and external clients to mitigate any risk involved.
Validate all PMI data in the system of record on incoming and outgoing servicing transfers.
Process all incoming mail related to PMI.
Weekly processing of validation reports to ensure that all PMI lines are set up correctly in the system of record to include the review of closing documents.
All other duties as assigned
MINIMUM QUALIFICATIONS
High School Diploma or GED required
Associates Degree Preferred
3 to 5 years of experience in mortgage loan servicing (insurance company, escrow department, accounts payable, accounting clerk or similar role may be acceptable) or an equivalent combination of education and experience.
Ability to work independently, successfully prioritize multiple functions and meet deadlines.
Capable problem solver with an analytical mind set and excellent organizational skills.
Possess good written and verbal communication skills. Positive attitude and a customer first focus.
Data entry and 10 key calculator skills required.
Practical and functional computer knowledge to include Excel, Word, Email and internet research.
Open and receptive to change and must have the ability to operate in a fast paced environment.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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