1 Loan Servicing Escrow Administrator Job in Brookings, SD

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Loan Servicing Escrow Administrator

First Bank Trust

Brookings, SD | Full Time

$33k-42k (estimate)

1 Month Ago

Loan Servicing Escrow Administrator

First Bank Trust Brookings, SD

$33k-42k (estimate)

Full Time | Banking 1 Month Ago

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First Bank Trust is Hiring a Loan Servicing Escrow Administrator Near Brookings, SD

Overall Functions

This person is responsible for the mortgage loan escrow accounts which includes the annual escrow account analysis and ensuring property taxes and insurance are paid.

Qualifications

This person should have an associate’s, degree plus four years of related experience, or the equivalent. This person must have good communication skills with a professional demeanor, the ability to manage multiple projects, an aptitude for details, the ability to multi-task, and the ability to collaborate well with others.

Responsibilities

1. Initiate and ensure the timely payment of all necessary disbursements from escrow accounts, including homeowner’s insurance premium payments, real estate tax payments, and mortgage insurance premium payments.

2. Perform the annual escrow account analysis of customers escrow accounts as required by the Real Estate Settlement Procedures Act according to established procedures.

3. Ensure the accuracy of new escrow accounts being input into the core system. When necessary, perform the setup of or removal of an escrow account on an existing loan.

4. Process insurance loss settlement payments, including preparing all necessary forms and documentation for customers.

5. Process borrower requests to cancel Private Mortgage Insurance (PMI) and automatic termination of PMI according to investor and insurer requirements.

6. Answer customer inquiries regarding their escrow accounts.

7. Maintain an up-to-date escrow procedure manual.

8. Act as the backup to the Investor Accounting function of the department. Including, but not limited to, all remittance and reporting functions and monitoring of the loan servicing shared inbox.

9. Act in accordance with FBT policies and procedures as set forth in the employee handbook.

10. Adhere to compliance procedures and participate in required compliance.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$33k-42k (estimate)

POST DATE

04/05/2024

EXPIRATION DATE

05/03/2024

WEBSITE

bankeasy.com

HEADQUARTERS

PIPESTONE, MN

SIZE

200 - 500

FOUNDED

1880

CEO

KEVIN PAULSEN

REVENUE

$200M - $500M

INDUSTRY

Banking

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About First Bank Trust

Fishback Financial Corporation (FFC) is the parent company of First Bank & Trust. One of South Dakota's largest privately held financial holding companies, FFC has 22 First Bank & Trust locations in 17 towns in South Dakota and Minnesota. For more than a century, financial institutions led by generations of the Fishback family have proven that banking professionals can be conservative risk managers and entrepreneurs at the same time. The same entrepreneurial spirit that led Horace Fishback Sr. to open his first check-cashing station in Brookings, SD in 1880 drives us toward our vision: To grow... a diversified independent financial corporation that excels in delivering community banking services and providing niche products nationwide. We are proud to be a family- and employee-owned community bank. Our 600+ employees take pride in our Be the 1 Service Culture principles - and it shows! We offer all of the strength and capabilities you might expect from a big-bank, but still have the flexibility and responsiveness of an independent local bank. Let us show you how we make banking EASY. {Member FDIC; Equal Housing Lender} More
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