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The Escrow Administration Specialist is responsible for the loan level review of escrow data as it relates to both non-escrow and escrowed accounts. This is an entry level job that handles basic data entry, maintenance and foundational escrow issues and processes with a low degree of complexity. Duties are to be performed in accordance with all US State and Federal laws/regulations as well as the company’s outlined policies and procedures. This positions target range is $17.50 – $19.00/hr.
What you’ll do:
- Complete all tasks and responsibilities in accordance with applicable regulatory requirements.
- Review, research and reconcile loan level escrow data in preparation for RESPA annual analysis completion which includes validating shortage/surplus results and updating tax disbursement amounts for uneven agencies. Applicable to both current and acquired loan populations.
- Prepare and finalize manual escrow analyses as needed based on general CIT requests and various monthly escrow reports.
- Prepare and generate mock escrow analysis figures for a variety of loans which are pending modification.
- Prepare detailed escrow balance breakdowns to Foreclosure to assist with court proceedings.
- Research and review Flood Insurance data for related disputes, rechecks, weekly reports and order new Flood Determinations for acquired loans.
- Review closing documents utilizing various resources to verify tax and insurance information and image/upload Legal Descriptions.
- Validate tax due date, bill amount, parcel information and payees for all appropriate tax records and validate policy period, premiums, coverage type, and payee for all appropriate insurance records on newly originated loans.
- Assign, track and reconcile origination-based escrow issues only newly originated loans.
- Accurately setup escrow data within the system to include tax, insurance and flood panel data.
- Review and process FHA/PMI/USDA refunds and cancellation requests.
- Escalates higher level and more complex escrow issues as needed.
- Ability to troubleshoot basic escrow issues and make decisions which have an intermediate impact.
- Ability to self-motivate and work with limited supervision.
- Ability to organize and prioritize own work schedule on short-term basis (one month)
- Ability to add, subtract, multiply, and divide and to record, balance, and check results for accuracy
What you’ll need:
- High school diploma or equivalent required.
- Zero to two (0-2) years of banking/finance/mortgage or escrow experience.
- Previous experience using mortgage loan servicing and loan originating systems (such as FiServ/Sagent, Encompass, SmartWeb, AutoPilot, and OnBase) preferred.
Our Company:
Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com .
What We Offer:
- Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
- Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
- Customized training programs to help you advance your career.
- Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
- Educational Reimbursement.
- Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.
EEO/AAP Employer
Notice to all applicants: Carrington does not do interviews or make offers via text or chat.
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Carrington is an equal opportunity employer. It is the policy of the company that applicants be considered for positions for which they qualify without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veterans status, physical or mental disability or any other legally protected category. Carrington will make reasonable accommodations for known physical or mental limitations of a qualified applicant or employee with a disability unless the accommodation will impose an undue hardship on the company.