What are the responsibilities and job description for the Escrow Processor position at Mortgage Solutions Financial?
Position: Escrow Representative
Department: Servicing Loan Administration
Reports To: Loan Servicing Manager
Location: 7450 Campus Drive, Suite 200, Colorado Springs, CO 80920
Remote availability: No
Exempt Status : Non-Exempt
Compensation & Benefits: $18.00 - $25.00 per hour
Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.
About MSF
MSF is a national mortgage lender based in Colorado Springs. MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind.
Role Overview
The Escrow Representative is primarily responsible for ensuring all exception reports on all types of tax and insurance premiums (such as mortgage and hazard insurance, property tax and flood) including but not limited to payment of premiums, maintenance and updating escrow details for problem resolution. The Escrow Representative also performs QC on all tax and insurance vendors for accuracy and timely payment of all premiums and claims. All employees of Mortgage Solutions Financial are expected to provide quality customer service and maintain high ethical standards when serving our clients.
Essential Duties: In addition to related job duties as assigned, this position will:
Department: Servicing Loan Administration
Reports To: Loan Servicing Manager
Location: 7450 Campus Drive, Suite 200, Colorado Springs, CO 80920
Remote availability: No
Exempt Status : Non-Exempt
Compensation & Benefits: $18.00 - $25.00 per hour
Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.
About MSF
MSF is a national mortgage lender based in Colorado Springs. MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind.
Role Overview
The Escrow Representative is primarily responsible for ensuring all exception reports on all types of tax and insurance premiums (such as mortgage and hazard insurance, property tax and flood) including but not limited to payment of premiums, maintenance and updating escrow details for problem resolution. The Escrow Representative also performs QC on all tax and insurance vendors for accuracy and timely payment of all premiums and claims. All employees of Mortgage Solutions Financial are expected to provide quality customer service and maintain high ethical standards when serving our clients.
Essential Duties: In addition to related job duties as assigned, this position will:
- Work exception reports and audit outside Vendors for accuracy and completeness
- Manage and schedule escrow analysis for complete portfolio in house
- Ensure timely payment of insurance premiums (including but not limited to mortgage insurance (MI), hazard, flood, and lender-placed).
- Maintenance of insurance escrow details in the servicing system.
- Processing insurance-related data entry or exception queues.
- Providing timely turnaround for Electronic Data Interchange (EDI) insurance payments to the selected insurance service vendor.
- Timely and accurate processing of lender-placed insurance refunds.
- Work all aspects of insurance and problem resolution.
- Perform research on client-related escrow tasks.
- Perform audit review of system generated reports as well as special projects relating to data integrity.
- Analyze escrow accounts to ensure sufficient funds are collected to make the required payments.
- Manage assigned pipeline to ensure all insurance items are worked accurately and processed in a timely manner.
- Monitor compliance and performance of selected insurance vendor.
- Other escrow responsibilities as required by management.
Salary : $18 - $25
