ESCROW & PAYOFF ANALYST

Job Advertisement: Escrow and Payoff Analyst

Are you detail-oriented with strong organizational skills and a passion for ensuring accuracy in financial transactions? We are seeking an Escrow and Payoff Analyst to join our dynamic team and play a key role in facilitating escrows, pre-paid items, and payoffs in accordance with our company's guidelines and policies.

About Us:

At Lakeview, we are committed to excellence in mortgage operations and financial services. Our team works together to ensure that every transaction is executed with precision and accuracy. As an Escrow and Payoff Analyst, you will play an integral part in making this happen.

Key Responsibilities:

• Escrow Account Accuracy: Calculate the amount of tax to be collected by obtaining property tax information from taxing authorities, current servicers, and tax certifications. Reconcile and determine the accurate amount due.
• Due Date Management: Review and reconcile due dates for all taxes and insurance, ensuring alignment between our servicing system, tax certifications, and official tax authority websites.
• Timely Payments: Ensure that all taxes and insurance due on or before the last day of the month of the first payment date are set to be paid or funded at closing. Set up monthly collections of mortgage insurance premiums.
• Payoff Figures: Review and, if necessary, obtain current payoff information. Accurately input payoff data into our systems and other applications.
• FHA MIP Premium: Ensure that FHA Mortgage Insurance Premium (MIP) refunds are accurate based on the month of funding.
• Data Updates: Monitor changes to current escrow balances and payoffs and update our LOS (Loan Origination System) accordingly.

Qualifications:

• Effective Communication: Excellent verbal and written communication skills.
• Interpersonal Skills: Strong interpersonal skills and organizational abilities.
• Attention to Detail: Exceptional attention to detail to ensure precision in financial calculations and transactions.
• Adaptability: Willingness and ability to work overtime when necessary to meet business demands.
• Mortgage Experience: 1 year of experience in mortgage processing or closing is required.

Certifications, Licenses, and Registration:

• SAFE Licensing: Willingness and ability to obtain SAFE licensing (company expense may be provided).