SUMMARY
Responsible for managing escrow accounts by tracking/monitoring/analyzing and disbursing, insurance and PMI related to Mortgage, Commercial, Commercial Real Estate, Consumer Loans and Home Equity Loans and Lines in order to maintain current insurance policies for all loans serviced by the bank. Responsible for maintaining and updating escrow information on core servicing system. Monitor various reports for verification of accurate insurance tracking with vendors and force placing delinquent taxes and insurance. The following tasks will need to be performed:
JOB CLASSIFICATION INFO
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Processing escrow disbursements:
Obtain a copy of the Monthly Escrow Disbursement Report and process all insurance disbursements due. Typically, the insurance company will send invoices to the bank for payment of the renewal premium. However, if the invoice for payment is not been received, contact the insurance company or borrower to request it. Prepare and mail cashier’s check payable to insurance companies.
Imaging :
In the Bank’s imaging system, Image all insurance documentation for each loan secured by collateral property requiring it. Insurance documents must be imaged in its corresponding loan file under the “Insurance” tab by type of insurance or document. The following lists the insurance documents:
Insurance Policies :
Other Insurance Related Documents :
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty 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.
EDUCATION and/or EXPERIENCE
OTHER SKILLS AND ABILIITIES
LANGUAGE SKILLS
Ability to read, analyze, and interpret general business periodicals, instructions, correspondence, memos, technical procedures, or governmental regulations; able to write reports, business correspondence. Able to effectively present information and respond to questions from groups of managers, employees and as well as outside contacts.
ENGLISH LANGUAGE
Ability to speak, understand, read and write English at an advanced level.
FOREIGN LANGUAGE
Ability to speak, understand, read and write Spanish is desirable but not required.
MATHEMATICAL SKILLS
Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals, compute rate, ratio and percent.
COMPUTER SKILLS
Strong computer skills including extensive experience with MS Office applications including Word, Excel, & PowerPoint
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.
Work involves reading and concentration via typing and proofreading activities
The noise level in the work environment is usually moderate.
PHYSICAL DEMANDS
While performing the duties of this Job, the employee is regularly required to sit and use hands to finger, handle, or feel. The employee is frequently required to stand; walk; reach with hands and arms and talk or hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision and ability to adjust focus.
The physical demands described above 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.
TRAVEL REQUIREMENTS
Travel requirements are low and are almost exclusively limited to local travel.
INTERCREDIT BANK IS AN EQUAL OPPORTUNITY EMPLOYER
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