What are the responsibilities and job description for the Loan/Escrow Accountant position at Sutton Bank?
Summary
Responsible for servicing all loans, including loans sold and serviced to FNMA, FHLMC, Farmer Mac, SBA, etc. Maintains escrow accounts, quotes, posts payoffs, and monitors collateral-based insurance coverage.
Qualifications
Education: Associates degree in accounting, preferred. High school diploma or GED.
Licenses/Certifications: None.
Experience: Three to five years of related experience and/or training. Or equivalent combination of education and experience.
Essential Functions
A: Job Specific:
Job Posted by ApplicantPro
Responsible for servicing all loans, including loans sold and serviced to FNMA, FHLMC, Farmer Mac, SBA, etc. Maintains escrow accounts, quotes, posts payoffs, and monitors collateral-based insurance coverage.
Qualifications
Education: Associates degree in accounting, preferred. High school diploma or GED.
Licenses/Certifications: None.
Experience: Three to five years of related experience and/or training. Or equivalent combination of education and experience.
Essential Functions
A: Job Specific:
- Accounting and maintenance of escrow accounts on mortgage loans:
- Input new escrow information on all new mortgage loans.
- Update information on existing escrow accounts.
- Disburse money for payment of home owner's and flood insurance, real estate taxes and private mortgage insurance.
- Process private mortgage cancellations.
- Perform new mortgage set-up and monetary account entries on the system.
- Maintain system data to reflect bankruptcy status provided by Collection Dept.
- Check the loan set-up on the system for consumer and mortgage loans as compared to the note, etc.
- Provide customer service. Answer questions, quote payoffs and explain loan and related escrow status.
- Post loan payoffs into system.
- Ensure that proper insurance is in place at loan origination by loan set-up review.
- Monitors collateral-based insurance (hazard/flood) coverage on all loans, acting immediately on cancellations; initiate and update collateral-based insurance ticklers, as applicable.
- Provide back-up support to the Loan Accounting Supervisor in her absence. Clear non-post, input and set up new secondary market mortgages, input newly funded Fannie Mae participation accounts, process loan renewals, extensions/modifications and process and report participation payments to/from participant banks. Process loan charge-offs and payments.
- Participate in the Call-Center Saturday rotation.
- The ability to communicate effectively and clearly, both in verbal and written communications.
- Excellent interpersonal skills.
- Strong knowledge of the business area that is being supported.
- Self-directed and motivated.
- The ability to manage multiple tasks.
- Excellent problem-solving skills.
- Ability to calculate figures as it relates to accounting processes.
Job Posted by ApplicantPro
