What are the responsibilities and job description for the Escrow Manager position at Lima One Capital, LLC?
Description
While professional experience and qualifications are key for this role, make sure to check you have the preferable soft skills before applying if required.
The Escrow Administration Manager is responsible for the maintenance and monitoring of tax and insurance records on all mortgaged properties, and for the accurate and timely payment of all required disbursements.
The Escrow Administration Manager will be responsible for monitoring vendor performance and contract compliance by ensuring the appropriate controls and processes are in place to reduce risk, improve vendor performance, and ensure partnership efficiency.
Duties and Responsibilities :
- Directs daily escrow operations, making recommendations to increase efficiency, improve timely payment of escrowed items and maintain full investor compliance.
- Provides transparency on vendor performance and contract compliance.
- Assists with the creation and / or maintenance of escrow department written policies and procedures.
- Reviews payments and completes reconciliation of all tax bills to taxing authorities, and insurance payments to the provider in a timely and accurate manner.
- Ensures that new parcel information is continuously updated within the servicing platform.
- Responsible for the maintenance of all escrowed loan payment vouchers to minimize delinquency rate.
- Reviews monthly and quarterly tax delinquency reporting for non-escrowed loans.
- Reviews escrow analyses on escrowed loans to ensure timely and accurate completion.
- Provides high-level assistance with mortgage hazard claim processing, including reviewing inspections and work orders, contracts, and other areas as needed.
- Reviews and resolves escalated borrower-related issues.
- Advises Management of project status, unresolved escalated items and / or potential risks / exposures.
- Performs other tasks and ad hoc projects as assigned.
Qualifications :
Desired Skills :
What We Offer :
About Lima One Capital :
Lima One Capital is the nation’s premier lender for real estate investors. Recognized by the Inc.5000 as one of America’s fastest growing companies, Lima One specializes in providing real estate investors with financing for their rental, fix-and-flip, multifamily properties, and new construction. The company, founded by Marines, is distinguished as one of South Carolina’s Best Places to Work and Top Workplaces. Lima One is headquartered in downtown Greenville, South Carolina, and markets its lending products over a national footprint of 46 states and the District of Columbia. Learn more about us at limaone.com.
Lima One Capital does not sponsor H1B Visas. To be considered for employment, a candidate must be authorized to work in the United States for any employer and not require sponsorship, now or in the future.
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