Mortgage Hazard Insurance Specialist

Valon Mortgage

6d

About The Position

The Mortgage Hazard Insurance Specialist is responsible for monitoring, verifying, and maintaining accurate property insurance coverage on mortgaged properties. This role ensures all hazard insurance policies meet investor and regulatory requirements, helps manage risk to the servicing portfolio, and provides excellent customer service to borrowers, insurance agents, and internal departments.

Requirements

• High school diploma or equivalent required
• At least 1 year of work experience in a professional environment (e.g., customer service, administrative support, insurance, banking, or real estate)
• Strong attention to detail and organizational skills
• Proficient with Google Suite
• Excellent verbal and written communication skills
• Ability to prioritize tasks and work in a fast-paced environment

Nice To Haves

• Experience working in a mortgage servicing, property insurance, or escrow-related environment
• Familiarity with escrow accounts and lender-placed insurance processes
• Knowledge of servicing systems like Black Knight (MSP), or similar platforms
• Exposure to investor guidelines from Fannie Mae, Freddie Mac, or FHA/VA
• Experience communicating with insurance carriers or an understanding of insurance declarations and coverages
• Career interest in compliance, operations, or mortgage servicing

Responsibilities

• Monitor insurance coverage on all properties within the mortgage portfolio to ensure compliance with investor guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA).
• Review and verify hazard insurance documents for completeness, accuracy, and appropriate coverage amounts.
• Track and process insurance renewals, cancellations, and reinstatements.
• Disburse hazard insurance premiums from escrow accounts in a timely manner.
• Coordinate force-placed insurance when borrower-provided coverage lapses, ensuring compliance with applicable laws.
• Respond to borrower inquiries regarding insurance coverage, disbursements, and escrow accounts.
• Work closely with insurance companies, agents, and vendors to resolve discrepancies and update records.
• Maintain accurate records of insurance policies and track status in the servicing system.
• Support the escrow analysis process with up-to-date insurance premium data.
• Collaborate with Loss Draft and Claims departments on insurance claim-related issues.
• Assist in audits and regulatory reporting as required.
• Other duties as assigned

Benefits

• Compensation: competitive salary and 401k plan
• Health & well-being: we’ll invest in your physical and mental well-being with comprehensive medical, dental, & vision benefits
• Food & meals: in-office snacks and drinks, and Bagel Fridays
• Commuter benefits: We offer pre-tax deductions for public transportation, rideshare services, and parking expenses to make your commute more affordable and convenient.
• Grow together: Company-wide orientation for you to successfully onboard, and other learning & development opportunities including regular review cycles that feature 360 degree feedback
• Generous time off: 17 days paid time off, sick days, and 11 company holidays
• Baby bonding time!: 12 weeks off for both birthing and non-birthing parents - fully paid so you can focus your energy on your newest addition

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED