Onsite Senior Escrow Specialist – Full Time

Posted 39 minutes ago

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About the role

  • Senior Escrow Specialist managing 3rd party insurance and tax vendors for escrow accounts. Ensuring compliance with RESPA guidelines and maintaining communication with internal departments.

Responsibilities

  • Responsible for oversight of 3rd party insurance and tax vendor and all tasks surrounding escrow.
  • Sets up escrow buckets for all consumer and commercial loans in the Core system.
  • Provides oversight of 3rd party insurance and tax vendor.
  • Reviews and clears any exception items received by vendors.
  • Review coming due and exception reports.
  • Completes review of letters the tax and insurance vendors send.
  • Performs yearly escrow analysis and ensures analysis is completed within RESPA guidelines.
  • Reviews and validates all overages and shortages on escrow analysis.
  • Ensures all escrow overages are mailed within RESPA guidelines.
  • Completes research on any requests sent by the branches, call center or other internal departments.
  • Researches and responds to all inquiries received through the Escrow Mailbox.
  • Pays all premiums associated with insurance, tax, or PMI invoices.
  • Reviews loan balances monthly to ensure PMI is removed per FHA and CFPB guidelines.
  • Responsible for the endorsements, monitoring of repairs and inspections for Loss Drafts accounts.
  • Research and resolution for tax suits received.
  • All other tasks as assigned.

Requirements

  • High School Diploma, GED or Equivalent.
  • Associates degree or equivalent from college a plus.
  • Minimum 3 years consumer and commercial loan experience required.
  • Must possess very detailed organizational skills and the ability to multi-task job duties.
  • Ability to read, interpret, and respond professionally to internal and external customer correspondence.
  • Ability to speak effectively and clearly in response to internal and external customer requests and inquiries.
  • Ability to calculate figures and amounts, such as discounts, interest, commissions, and percentages.
  • Must possess the ability to apply basic concepts of algebra.
  • Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
  • Ability to deal with problems involving several concrete variables in standardized situations.

Benefits

  • Prosperity Bank is an Equal Opportunity Employer.

Job title

Senior Escrow Specialist – Full Time

Job type

Experience level

Senior

Salary

Not specified

Degree requirement

High School Diploma

Location requirements

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