What are the responsibilities and job description for the ESCROW & PAYOFF ANALYST position at Lakeview Loan Servicing?
Overview :
Lakeview Loan Servicing is seeking a detail-oriented Escrow & Payoff Analyst to join our team. This role involves facilitating all aspects of reviewing, confirming, and entering escrows, prepaid items, and payoffs in accordance with company and program guidelines, policies, and procedures. This remote position offers a salary range of $50,000 - $55,000 plus monthly commission.
Responsibilities :
- Ensure all escrow accounts are funded accurately.
- Calculate the amount of tax to be collected by obtaining property tax information from taxing authorities, current servicers, and tax certificates, and reconcile to determine the amount due.
- Determine due dates for all taxes and insurance by reviewing and reconciling information between the servicing system, tax certificates, and county (or other tax authority) websites.
- Ensure all taxes and insurance due on or before the last day of the month of the first payment date are paid or funded at closing.
- Set up a monthly collection of mortgage insurance (MI) premiums.
- Ensure all payoff figures are correct, including obtaining and reviewing current payoff information.
- Accurately input payoff data into the system and other applications as needed.
- Ensure FHA mortgage insurance premium (MIP) refunds are accurate based on the month of funding.
- Monitor changes to current escrow balances and payoffs, updating the loan origination system (LOS) accordingly.
Qualifications :
Salary : $50,000 - $55,000
