Mortgage Insurance Administrator at ConnectOne Bank

Union, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

24 Sep, 26

Salary

60000.0

Posted On

26 Jun, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Insurance, Hazard Insurance, Flood Insurance, Escrow Management, Collateral Review, Banking Regulations, Analytical Skills, Interpersonal Communication, Policy Revision, Insurance Tracking, PMI Remittance, Document Evaluation

Industry

Banking

Description

Description About us: ConnectOne Bank proves that putting people first is a better way to do business. At ConnectOne, we’re builders — of businesses, communities, and equity. Most importantly, we’re building opportunities. Our mission is to ensure our employees feel empowered to make important decisions, reach their potential and truly make an impact. ConnectOne is a growth organization by design; it is part of our DNA and we take pride in seeing our employees grow with us. Founded in 2005 by an entrepreneur, we have grown into a high-performing commercial bank, inspiring a new model for our industry’s future. By embracing technology and all the ways it can help us become a world-class service organization, we support small business owners by fueling their mission. People First is the blueprint for our culture. It is at the foundation of everything we do and the decisions we make. At ConnectOne, you have the opportunity to be a part of a dynamic culture and team. Develop your forward-thinking skills, thrive in an entrepreneurial setting, and succeed at “a better place to be”. ConnectOne Bank is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation. About this role: The Mortgage Insurance Administrator is responsible for obtaining and safeguarding all insurance information for all new and existing loans and ensuring the necessary insurance coverage is in force. In this role you will: Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”. Create, review, and revise policies and procedures of the day-to-day operations of the Bank’s insurance management program. Reviews and monitors the insurance tracking process, and regularly explores options for more tracking with Van Wagenen (VW) Insurance Services or other vendors as needed. Assists clients who have received letters from VW for insurance deficiencies. Reviews collateral, flood, and escrow records for accuracy and payment of insurance, and uploads insurance renewals. Reviews insurance disbursements for Hazard, Flood, and PMI (Private Mortgage Insurance). Reviews reports for Default of Insurance, Low Value policies, and policies with mortgagee clause deficiency. Submits monthly FP Hazard premiums and charge loan accounts, and PMI remittance to United Guaranty Insurance and Mortgage Guaranty Insurance Corporation. Reviews insurance cancellation notices and all new Certificates of Property Insurance with Loan Officers to ensure all requirements have been met and coverage is sufficient. Addresses insurance policies still in the name of UCNB, and inquiries by Administrators and Loan Officers for copies of current insurance policies. Must haves: Knowledge of lending and mortgage insurance. Knowledge of Hazard, Flood, Escrow, and Collateral. Knowledge of relevant Federal and State banking regulations. Excellent communication and interpersonal skills. Analytical skills to conduct evaluation of documents of varying complexity. Bonus Points For: Strong “People First” interest and ability. Additional information Benefits: World class health, vision, and dental benefits on day one 401k with employer match Hybrid work from home (depending on role) Employee appreciation events (team building, softball games, food truck days, etc..) Employee assistance programs (EAP) Wellness programs (flu shot, preventive care, health programs and services discounts, etc..) Tuition reimbursement Employee Discount perks CNOB Community Service Events ….and much, much more! Studies have shown that individuals from underrepresented groups, may only apply to roles if they meet 100% of the qualifications. Roles evolve over time, especially with innovation, and you may be just the person we need. We hope you're open to learning new skills and growing with us. We encourage you to apply to continue making us “a better place to be!” ConnectOne Bank is an equal opportunity employer and does not discriminate with respect to any term, condition or privilege of employment based on race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, military or veteran status, marital status, or status of an individual in any group or class protected by applicable federal, state, or local law. ConnectOne Bank also provides reasonable accommodations for qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local laws. If an accommodation is needed to participate in the job application or interview process, please contact Talent Acquisition.

Responsibilities

The Mortgage Insurance Administrator is responsible for obtaining and safeguarding insurance information for new and existing loans to ensure necessary coverage is in force. This includes reviewing collateral and escrow records, managing insurance disbursements, and coordinating with loan officers to resolve coverage deficiencies.