This job was posted by https://www.arjoblink.arkansas.gov : For more information, please see: https://www.arjoblink.arkansas.gov/jobs/4204114

The Loan Servicing Escrow Specialist serves to monitor and maintain loans with escrow accounts and insurance monitoring. This position acts as a liaison between the bank, lending staff, and 3rd party escrow and insurance vendors to resolve discrepancies and issues related to escrow processing and insurance tracking.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Monitor escrow accounts to ensure timely remittance of payment to applicable agencies. This duty is performed weekly, about 20% of the time.

2. UpdateBankwaysystem and prepare batch entries for disbursement of payment to various agencies. This duty is performed weekly, about 20% of the time.

3. Monitors insurance tracking requirements to ensure timely receipt of insurance notifications. This duty is performed weekly, about 25% of the time.

4. Balance pass thru accounts related to escrow agents. This duty is performed monthly, about 15% of the time.

5. Act as liaison between bank, lending staff, and 3rd party vendors to resolve discrepancies & issues related to escrow processing. This duty is performed monthly, about 10% of the time.

6. Generate and review for accuracy annual escrow statements for mailing to customer. This duty is performed as needed, about 10% of the time.

7. Responsible for professional written and verbal communication and correspondence on behalf of the bank. This duty is performed as needed, about 10% of the time.

8. Serves as back up for other areas of the department as time allows. This duty is performed annually, about 5% of the time.

9. Monitors insurance force placement requirements and requests. This duty is performed weekly, about 10% of the time.

10. The ability to work in a constant state of alertness and in a safe manner.

11. Completes required BSA/AML training and other compliance training as assigned. This duty is performed as needed.

12. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily.The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION AND EXPERIENCE

High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation,etc, plus 2 years related experience and/or training, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients,general publicand other employees of the organization.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

CRITICAL THINKING SKILLS

Ability to utilize common sense understandingin order tocarry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Advanced: 10-Key, Alphanumeric Data Entry

Intermediate: Accounting, Spreadsheet, Word Processing/Typing

Basic: Contact Management, Database

WORKING CONDITIONS

Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential