CLN1 Loan Administration Clerk - Escrow
About The Position
Responsible for the administration and maintenance of loan escrow accounts, including establishing and analyzing escrow accounts, processing property tax and insurance payments, disbursing escrow funds, and conducting annual escrow analyses. Assists with the boarding and booking of residential real estate loans (when needed) and verifying escrow requirements, setting up escrow accounts, and ensuring accurate loan system records. Provides support to customers, lending staff, and bank personnel while ensuring timely processing, accuracy, and compliance with bank policies, investor guidelines, and applicable regulatory requirements.
Requirements
- Proficiency in loan escrow administration.
- Experience with property tax and insurance payments.
- Knowledge of escrow fund disbursement.
- Ability to perform annual escrow analyses.
- Experience with boarding and booking residential real estate loans.
- Understanding of escrow requirements.
- Skill in setting up escrow accounts.
- Ability to ensure accurate loan system records.
- Customer service skills.
- Support skills for lending staff and bank personnel.
- Knowledge of bank policies, investor guidelines, and regulatory requirements.
- Experience processing escrow waivers.
- Experience paying and monitoring PMI premiums.
- Experience handling PMI cancellations and transfers.
- Ability to resolve unapplied funds.
- Experience managing Fannie Mae cashbook and reject items.
- Experience preparing and mailing escrow analysis statements.
Responsibilities
- Administer and maintain loan escrow accounts.
- Establish and analyze escrow accounts.
- Process property tax and insurance payments.
- Disburse escrow funds.
- Conduct annual escrow analyses.
- Assist with boarding and booking of residential real estate loans (when needed).
- Verify escrow requirements.
- Set up escrow accounts.
- Ensure accurate loan system records.
- Provide support to customers, lending staff, and bank personnel.
- Ensure timely processing, accuracy, and compliance with bank policies, investor guidelines, and applicable regulatory requirements.
- Process escrow waivers.
- Pay and monitor PMI premiums.
- Handle PMI cancellations and transfers.
- Resolve unapplied funds.
- Manage Fannie Mae cashbook and reject items.
- Prepare and mail escrow analysis statements.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
