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Funding Specialist at BesTitle Agency Inc

Ironton, OH 45638, USA -

Full Time

Start Date

Immediate

Expiry Date

16 Nov, 25

Salary

0.0

Posted On

16 Aug, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Good communication skills

Industry

Accounting

Description

How To Apply:

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Responsibilities

Post all incoming wires to correct file in production software, making sure the amount matches the amount received in the bank account.
Pre-settlement review of file to verify:
File is in balance (amount coming in = amount going out)
All requirements have a corresponding disbursement on settlement statement or there is a release in file for any lien not being paid.
Make note of any obvious, missing company fees on Missing Fees Report and out of balance files ? repetitive patterns should be brought to the attention of the COO and/or President.
Verification prior to cutting checks at the branch:
Review amounts on pending disbursements match executed settlement statement or CD (seller proceeds, payoffs, etc.)
Any checks brought to closing are for the correct amount and deposited at bank.
Make sure seller proceeds being wired to, or check made payable to, party on the settlement statement.
Make sure file is in balance (money in = money out)
Initiate and release (dual control) all outgoing wires.
Monitor high risk disbursements to make sure they clear the bank in a timely manner (i.e. payoffs, taxes, hazard insurance, etc.)
Coordinate with Processing for preparation of Invoices for Doc Prep, Title Only, etc. files and prepare the invoice.
Report any overdue (30 days) unpaid invoices to COO and/or President.
Run 1099 exception report, monthly, and send to EOs for them to resolve their files.
Clear/Resolve exceptions raised by daily reconciliation.
Review Monthly 3-way reconciliation for current escrow accounts.
Reconcile dormant escrow accounts.
Unclaimed property (escheat) filings, annually, per jurisdiction
File 1099s, annually
Annual OH Department of Insurance Review
Underwriter audits (November ? February)
Maintain Estate Escrow IBAs
Maintain approved closing agent status with Lenders and Third-Party verification companies.
Positive pay uploads, activity downloads for non-BankUnited trust accounts.