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United Wholesale Mortgage · 9 hours ago

PMI Specialist

US-MI-Pontiac

Full-time

Onsite

Entry Level

2+ years exp

United Wholesale Mortgage is a leading mortgage company, and they are seeking a PMI Specialist to manage the administration of Private Mortgage Insurance on residential loans. The role includes monitoring loans for PMI compliance, processing cancellation requests, and maintaining accurate documentation while collaborating with various stakeholders.

FinanceFinancial ServicesMortgage

Responsibilities

Monitor loan portfolios for PMI eligibility, activation, and cancellation in accordance with federal regulations (e.g., Homeowners Protection Act of 1998) and investor guidelines (Fannie Mae, Freddie Mac, FHA, etc.)

Process PMI cancellation or termination requests from borrowers and ensure compliance with internal policies and regulatory requirements

Perform monthly PMI audits and reconciliations, correcting discrepancies and ensuring accurate reporting

Coordinate with PMI providers to obtain certificates, update insurance coverage, and resolve payment or coverage issues

Maintain accurate PMI data in servicing systems, including LTV calculations, property values, and insurance premium payments

Respond to internal and external inquiries related to PMI in a timely and professional manner

Assist in developing and maintaining procedures and training materials related to PMI functions

Generate PMI-related reports for management and regulatory review

Stay up to date with changes in PMI laws, investor requirements, and servicing best practices

Qualification

PMI managementMortgage servicingMortgage servicing systemsFederal regulations knowledgeAnalytical skillsCustomer service skillsMicrosoft OfficeEscrow analysis knowledgeCommunication skills

Required

High school diploma or equivalent; Associate's or Bachelor's degree in finance, accounting, or related field preferred

2+ years of experience in mortgage servicing, with direct experience in PMI management preferred

Knowledge of mortgage servicing systems (e.g., MSP, Black Knight, etc.) and PMI processes

Familiarity with federal regulations and investor guidelines relating to PMI

Strong analytical skills and attention to detail

Excellent communication and customer service skills

Proficient in Microsoft Office, particularly Excel and Word

Preferred

Experience working with PMI vendors or insurers

Knowledge of escrow analysis and mortgage insurance disbursements

Benefits

Paid Time Off (PTO) after just 30 days

Additional parental and maternity leave benefits after 12 months

Adoption reimbursement program

Paid volunteer hours

Paid training and career development

Medical, dental, vision and life insurance

401k with employer match

Mortgage discount and area business discounts

Free membership to our large, state-of-the-art fitness center, including exercise classes such as yoga and Zumba, various sports leagues and a full-size basketball court

Wellness area, including an in-house primary-care physician’s office, full-time massage therapist and hair salon

Gourmet cafeteria featuring homemade breakfast and lunch

Convenience store featuring healthy grab-and-go snacks

In-house Starbucks and Dunkin

Indoor/outdoor café with Wi-Fi