Retail Loan Servicing Escrow Specialist

Ensure payment of escrowed items for mortgage loans (including all insurance types and real estate taxes) are paid prior to due dates of each escrowed item.  Ensure continuation of coverage for non-escrow investor-sold-loans using a combination of system reports and cancellation notices. Review cancellation notices received and contacting borrower and/or insurance company to ensure continuation of coverage.

Initiate policies needing force place coverage and monitor force placed letter cycles issuing payment when policy placed.  Set up and maintain escrow addenda’s and non-escrow insurance tracking for sold loans for new mortgage loans with escrow and investor sold non escrow mortgage loans. Input new tax records in system and on tax servicer’s web site.