What are the responsibilities and job description for the Real Estate Tax Analyst position at National Cooperative Business Association?
Real Estate Tax Analyst (VA Office)
Serve as a liaison between the Asset Administration Team, NCB's operating departments and customers regarding real estate tax and insurance escrow accounts. Also function as liaison between NCB and our tax service vendor to facilitate setup of all records for loans that we escrow and monitor for real estate taxes, as well as to maintain the setup and payment of the renewal insurance premiums for all insurance escrow loans.
Key Responsibilities:
1. Import weekly Tax Amount Reports (TARS) into Strategy and determine the tax bills to be paid within 24 hours of receipt.
2. Disburse the TARs and reconcile the disbursement for Vice President to approve. (15%]
3. Import CoreLogic's new loan inventory report service to ensure that the Contract Number, Agency Number and Suffix from incoming Inventory Report in Strategy to appropriate fields with 100% accuracy. (10%]
4. Review the mortgage on new loans for property address, tax parcel and legal description against the new loan tax record set up in Strategy to ensure correct tax or insurance vendor code, payment frequency, tax or insurance constant, and tax or insurance amount are correct per the tax and/or insurance setup documentation from closing. (10%]
5. Run and review all escrow analysis for all escrow loans in the month of April and August. As well as review and maintain Next Escrow Analysis Date for accuracy. (15%]
6. Review Tax and Insurance Research ORRMANs to respond with an answer to the borrowers' questions. (10%]
7. Review McCracken New Loan/Payoff reports each month to determine which loans are refinanced, new originations, participation loans and HOA to determine which loans need to be set up in Strategy for tracking purposes. (8%]
8. Perform daily monitoring of tax delinquencies for non- escrow loans for the New York boroughs and update Strategy after obtaining proof of payment. (8%]
9. Assist with retrieving information requested by internal and external auditors. (7%]
10. Import all CoreLogic's Tax Verification Reports (TPV) into Strategy and add tax delinquencies for non-escrow loans within 24 hours of receipt. (6%]
11. Enter and disburse all insurance renewal invoice bills in the Strategy Escrow Module and remit the payment via UPS. Submit the disbursement package with the UPS shipping receipt to the Records Department for imaging within 24 hours after the disbursement. (5%]
12. Submit all new loans to CoreLogic for set up within 25 days after the loan is boarded to Strategy servicing system. (5%]
13. Submit Customer Service ticket to CoreLogic to archive all tax records that were paid in full and not refinance by National Cooperative Bank, N.A. within 25 days after the payoff of the loan. (3%]
14. Generate the monthly Strategy Insurance Expiration Report on the 1st business day of each month to include a date range of at least 30 days prior to the renewal premium date. (1%]
15. Submit report to Insurance Compliance to obtain renewal premium invoice. (2%]
Minimum Qualifications Include:
High school degree required, some college preferred
Minimum of one year experience in servicing of multifamily, residential or commercial real estate loans
Excellent organizational and analytical skills
Proficient written and verbal communication skills
Proven customer service skills
Ability to work independently but recognize when input is required
Proficient in Microsoft Word, Excel, and the Strategy loan servicing system
Proficient or acquire proficiency in specialized proprietary systems such as Back Shop, Strategy Web Portal and CoreLogic TaxQ system
AA/EOE
National Cooperative Business Association
Serve as a liaison between the Asset Administration Team, NCB's operating departments and customers regarding real estate tax and insurance escrow accounts. Also function as liaison between NCB and our tax service vendor to facilitate setup of all records for loans that we escrow and monitor for real estate taxes, as well as to maintain the setup and payment of the renewal insurance premiums for all insurance escrow loans.
Key Responsibilities:
1. Import weekly Tax Amount Reports (TARS) into Strategy and determine the tax bills to be paid within 24 hours of receipt.
2. Disburse the TARs and reconcile the disbursement for Vice President to approve. (15%]
3. Import CoreLogic's new loan inventory report service to ensure that the Contract Number, Agency Number and Suffix from incoming Inventory Report in Strategy to appropriate fields with 100% accuracy. (10%]
4. Review the mortgage on new loans for property address, tax parcel and legal description against the new loan tax record set up in Strategy to ensure correct tax or insurance vendor code, payment frequency, tax or insurance constant, and tax or insurance amount are correct per the tax and/or insurance setup documentation from closing. (10%]
5. Run and review all escrow analysis for all escrow loans in the month of April and August. As well as review and maintain Next Escrow Analysis Date for accuracy. (15%]
6. Review Tax and Insurance Research ORRMANs to respond with an answer to the borrowers' questions. (10%]
7. Review McCracken New Loan/Payoff reports each month to determine which loans are refinanced, new originations, participation loans and HOA to determine which loans need to be set up in Strategy for tracking purposes. (8%]
8. Perform daily monitoring of tax delinquencies for non- escrow loans for the New York boroughs and update Strategy after obtaining proof of payment. (8%]
9. Assist with retrieving information requested by internal and external auditors. (7%]
10. Import all CoreLogic's Tax Verification Reports (TPV) into Strategy and add tax delinquencies for non-escrow loans within 24 hours of receipt. (6%]
11. Enter and disburse all insurance renewal invoice bills in the Strategy Escrow Module and remit the payment via UPS. Submit the disbursement package with the UPS shipping receipt to the Records Department for imaging within 24 hours after the disbursement. (5%]
12. Submit all new loans to CoreLogic for set up within 25 days after the loan is boarded to Strategy servicing system. (5%]
13. Submit Customer Service ticket to CoreLogic to archive all tax records that were paid in full and not refinance by National Cooperative Bank, N.A. within 25 days after the payoff of the loan. (3%]
14. Generate the monthly Strategy Insurance Expiration Report on the 1st business day of each month to include a date range of at least 30 days prior to the renewal premium date. (1%]
15. Submit report to Insurance Compliance to obtain renewal premium invoice. (2%]
Minimum Qualifications Include:
High school degree required, some college preferred
Minimum of one year experience in servicing of multifamily, residential or commercial real estate loans
Excellent organizational and analytical skills
Proficient written and verbal communication skills
Proven customer service skills
Ability to work independently but recognize when input is required
Proficient in Microsoft Word, Excel, and the Strategy loan servicing system
Proficient or acquire proficiency in specialized proprietary systems such as Back Shop, Strategy Web Portal and CoreLogic TaxQ system
AA/EOE
National Cooperative Business Association
