Escrow Hazard Insurance Specialist II - Remote at LoanCare

, , United States -

Full Time

Start Date

Immediate

Expiry Date

26 Jan, 26

Salary

26.73

Posted On

28 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Insurance Monitoring, Customer Service, Data Entry, Analytical Skills, Problem Solving, Communication Skills, Organizational Skills, Time Management, Excel, Word, Internet Research, Compliance, Hazard Claims Processing, Vendor Management, Mortgage Loan Servicing, Attention to Detail, Adaptability

Industry

Financial Services

Description

Overview JOB SUMMARY Responsible for monitoring third party insurance vendor to ensure all insurance bills are paid timely, adequate coverage is held on all properties, lender placed insurance procedures are followed properly, and to make sure all investor guidelines are followed. Process and monitor all hazard claims to include Responsibilities Monitor third party insurance vendor to ensure insurance bills are paid timely in accordance with all guidelines. Work in conjunction with the third party insurance vendor to ensure adequate coverage is held on all properties both escrowed and non-escrowed. Ensure the proper processing of forced placed insurance in the event the borrowers fail to provide proof of insurance coverage. In accordance with investor guidelines, monitor coverage amount requirements for both Hazard and Flood insurance. Work with insurance vendor to identify and send letters on loans that have become first time vacancies. Request property inspections on loans that are pending claims. Deposit insurance refunds and research pending items. Request/monitor approvals to pay insurance on loans with disbursement stops. Maintain compliance on all Loss Draft procedures with regards to releasing held funds for repairs. File and monitor hazard insurance claims on foreclosure loans. Deposit insurance refunds and loss draft proceeds into the system of record. Ensure that third party vendor is tracking all loss draft claims and inspections are being ordered to release funds. Processing and payment of Optional Insurance Products. Handle customer issues related to insurance via phone calls or written correspondence. Assist with payment of PMI/MIP payments when needed. All other duties as assigned. Qualifications High School Diploma or equivalent required Associates Degree Preferred 2 to 3 years of experience in mortgage loan servicing (insurance company, escrow department, accounts payable, accounting clerk or similar role may be acceptable) or an equivalent combination of education and experience. Ability to work independently, successfully prioritize multiple functions and meet deadlines. Capable problem solver with an analytical mind set and excellent organizational skills. Possess good written and verbal communication skills. Positive attitude and a customer first focus. Data entry and 10 key calculator skills required. Practical and functional computer knowledge to include Excel, Word, Email and internet research. Open and receptive to change and must have the ability to operate in a fast paced environment Total Rewards LoanCare’s Total Rewards Package offers a comprehensive blend of health and welfare, financial, lifestyle and learning benefits to support employee well-being and engagement. Highlights include: Health & Welfare Coverage: Optional medical, dental, vision, life, and disability insurance Time Off: Paid holidays, vacation, and sick leave Retirement & Investment: Matching 401(k) plan and employee stock purchase plan Wellness Programs: Access to mental health resources, including free Calm memberships, and initiatives that promote physical and emotional well-being Employee Recognition: Programs that celebrate achievements and milestones Lifestyle & Learning Perks: Enjoy discounts on gym memberships, pet insurance, and employee purchasing programs, plus access to a tuition reimbursement program that supports your continued education and professional growth. Compensation Range: $17.88-26.73 hourly. Actual compensation may vary within the range provided, depending on a number of factors, including qualifications, skills and experience. Build Your Future with LoanCare® At LoanCare, we don’t just service mortgage loans—we serve people. As a leading full-service mortgage loan subservicer, we deliver excellence to banks, credit unions, independent mortgage companies, investors, and the homeowners they support. Backed by the strength and stability of Fidelity National Financial (NYSE: FNF), a Fortune 500 company, we offer a career foundation built on integrity, innovation, and collaboration. Here, you’ll find: A culture that helps you thrive, with resources and support to fuel your growth Flexibility to work remotely, while staying connected through virtual engagement Opportunities to make a real impact in an industry that touches millions of lives If you're ready to grow your career in a place that values your contributions and empowers your success, we invite you to join our team. About Remote Employment We provide the necessary equipment; all you need is a quiet, private place in your home and a high-speed internet connection with a minimum network download speed of 25 megabits per second (MBPS) and a minimum network upload speed of 10 MBPS. WORK CONDITIONS Working conditions are normal for an office environment. Ability to attend work and be productive during normal business hours and to work early, late or weekend hours as needed for successful job performance. Over time required as necessary. Essential functions are the basic job duties that an employee must be able to perform, with or without reasonable accommodation. ESSENTIAL FUNCTIONS Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. Reading Comprehension — Understanding written sentences and paragraphs in work related documents. English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. Speaking — Talking to others to convey information effectively. Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making. Active Listening — Giving full attention to what other people is saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. Instructing — Teaching others how to do something. Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one. Time Management — Managing one's own time and the time of others. Writing — Communicating effectively in writing as appropriate for the needs of the audience. Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense. Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. Written Comprehension — The ability to read and understand information and ideas presented in writing. Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). Information Ordering — The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). Near Vision — The ability to see details at close range (within a few feet of the observer). Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences. Oral Expression — The ability to communicate information and ideas in speaking so others will understand. Speech Recognition — The ability to identify and understand the speech of another person. Speech Clarity — The ability to speak clearly so others can understand you. PHYSICAL DEMANDS Sitting up to 95% of time Walking up to 5% of time Occasional standing, stooping, kneeling, crouching and reaching EQUAL OPPORTUNITY AND AFFIRMATIVE ACTION POLICY LoanCare, its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law.

Responsibilities

Monitor third-party insurance vendors to ensure timely payment of insurance bills and adequate coverage on properties. Process hazard claims and ensure compliance with investor guidelines.