Loan Servicing Escrow Specialist

Description:

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GENERAL DESCRIPTION OF POSITION Serves to monitor and maintain loans with escrow accounts and insurance monitoring. Acts as liaison between bank, lending staff, and 3rd party escrow and insurance vendors to resolve discrepancies & issues related to escrow processing and insurance tracking. ESSENTIAL DUTIES AND RESPONSIBILITIES 1. Monitor escrow accounts to insure timely remittance of payment to applicable agencies. This duty is performed weekly, about 20% of the time. 2. Update Bankway system and prepare batch entries for disbursement of payment to various agencies. This duty is performed weekly, about 20% of the time. 3. Monitors insurance tracking requirements to insure timely receipt of insurance notifications. This duty is performed weekly, about 25% of the time. 4. Balance pass thru accounts related to escrow agents. This duty is performed monthly, about 15% of the time. 5. Act as liaison between bank, lending staff, and 3rd party vendors to resolve discrepancies & issues related to escrow processing. This duty is performed monthly, about 10% of the time. 6. Generate and review for accuracy annual escrow statements for mailing to customer. This duty is performed as needed, about 10% of the time. 7. Responsible for professional written and verbal communication and correspondence on behalf of the bank. This duty is performed as needed, about 10% of the time. 8. Serves as back up for other areas of the department as time allows. This duty is performed annually, about 5% of the time. 9. Completes required BSA/AML training and other compliance training as assigned. This duty is performed annually. 10. Monitors insurance force placement requirements and requests. This duty is performed weekly, about 10% of the time. 11. Perform any other related duties as required or assigned. Requirements EDUCATION AND EXPERIENCE High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc, plus 2 years related experience and/or training. Or equivalent combination of education and experience. COMMUNICATION SKILLS Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization. MATHEMATICAL SKILLS Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations. CRITICAL THINKING SKILLS Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature. REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS Not indicated. PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS Not indicated. SOFTWARE SKILLS REQUIRED Advanced: 10-Key, Alphanumeric Data Entry Intermediate: Accounting, Spreadsheet, Word Processing/Typing Basic: Contact Management, Database RESPONSIBILITY FOR WORK OF OTHERS Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities may include but not limited to interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding and disciplining employees; addressing complaints and resolving problems. No supervision. WORKING CONDITIONS Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions. ENVIRONMENTAL CONDITIONS The following work environment characteristics described here are representative of those an employee encounters while performing 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. PHYSICAL ACTIVITIES The following physical activities 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 and expectations. Highly repetitive, moderately physical. Highly repetitive type of work which requires somewhat diversified physical demands of the employee. While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel, talk or hear; regularly required to reach with hands and arms, taste or smell; and occasionally required to stand, walk, climb or balance, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. ADDITIONAL INFORMATION Must be able to work well independently, as well as in a team environment.

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