What are the responsibilities and job description for the Tax and Escrow Representative position at First Commerce Bank?
Basic Qualifications
Education/Training: High School Diploma or equivalent with an emphasis in Business or Accounting curriculum.
Skill(s): Communicates clearly in English; proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communication skills; proficient organizational skills; working knowledge of loan operations and processes relating to tax and escrow; proficient PC skills including Microsoft Office and ability to learn job-specific software; visual and auditory skills.
Experience: A minimum of two (2) years’ related experience required.
General Responsibilities
Responsible for performing various duties to support the loan operations function including tax and escrow support; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.
Essential Duties
Performs various duties to support the loan operations function including tax and escrow support of which the following are illustrative:
- Verifies payment and analysis of mortgage escrow accounts.
- Remits payments for insurances and taxes from all escrow accounts in accordance with the defined regulatory timelines.
- Prepares and distributes annual analysis on all escrow accounts to loan customers.
- Cancels Mortgage Insurance certificates on paid off loans.
- Requests paid off notes.
- Monitors tax tracking for non-escrowed loans; prepares letters of notification to borrowers and lenders.
- Processes and tracks payments for force placed insurance.
- Processes escrow removal for tax exempt and released properties.
- Reviews all initial analysis for all new loans to ensure accuracy and proper escrow set up.
- Prepares and processes wires for participation payments to participating banks.
- Provides and tracks tax authorizations sent to townships to ensure tax bills are received.
- Processes weekly rate changes in both FIS Bank control and Laser Pro.
- Processes construction and line of credit advances.
- Tracks water and sewer liens; notifies borrower and lender.
- Assists with other loan operations duties as assigned.
WE OFFER:
- Medical benefits
- Dental benefits
- Vision benefits
- Life Insurance
- LTD Insurance
- Paid Federal Bank Holidays
- Flexible Spending Account
- Health Savings Account
- 401K
- PTO
First Commerce is dedicated to providing people, businesses, and communities in our markets with high quality products and services with superior customer service. We provide products and services through secure, user-friendly technology and customer friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning with the Board of Directors.
First Commerce Bank is an Equal Opportunity Employer. All qualified applicants receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression, genetic information or any other characteristic protected by applicable law.
