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Consolidated Analytics · 2 days ago

Mortgage Tax/Escrow SME

United States

Full-time

Remote

Senior Level

5+ years exp

Consolidated Analytics is focused on providing expert services in the mortgage industry, and they are seeking a Mortgage Tax/Escrow Subject Matter Expert (SME) to manage escrow-related tasks for Loan Servicing. The role involves handling property tax payments, conducting annual and initial escrow analyses, monitoring delinquent taxes, and performing research on tax-related issues.

AnalyticsFinancial ServicesManagement ConsultingOutsourcingReal Estate

Responsibilities

Responsible for handling all Escrow-related tasks for Loan Servicing, including but not limited to procurement and payment of taxes, insurance, monitoring delinquent taxes, escrow analysis, working with areas on Initial Escrow Analysis, and working with other departments and various managers for any tax-related issue

Payment of Property Taxes: Responsible for disbursing, reconciling, and researching all aspects of the payment of all property taxes for impounded loans in all the various states and counties, before the due date to avoid penalties and loss of property. Must work with the vendor to ensure accurate amounts are received

Annual Escrow Analysis: Responsible for preparing the annual Escrow analysis statements on all impounded loans. Must adhere to published schedules, ensuring all statements are issued promptly and accurately, and strictly adhere to RESPA regulations

Initial Escrow Analysis: Works with our Residential Lending department to calculate the Initial Impound/Escrow deposit amount for all new loans. Prepares the initial escrow statement for all new loans promptly and accurately with strict adherence to RESPA regulations

Delinquent Tax Monitoring: Works with the vendor to monitor all loans with delinquent taxes. Prepares internal reports for the various units and credit managers and works closely with them and the collectors to follow up on all delinquent tax amounts in a timely manner. Works directly with other areas for any delinquent amounts greater than 3 installments. Monitors the vendor's mailing of the delinquent tax letters

Research: Research tax amounts, tax penalty liability, assessments, parcel changes, etc., based on exceptions and/or requests from business units

Qualification

Mortgage Servicing experienceMortgage TaxEscrow knowledgeTax procurementPaymentsEscrow analysisGSEGOVPrivate investor rulesCommunication skillsOrganizational skillsTime management skills

Required

5 years of Mortgage Servicing experience in Mortgage Servicing Tax and Escrow

Extensive knowledge of rules and regulations surrounding Mortgage Tax and Escrow, with heavy emphasis on tax procurement and payments, plus escrow analysis, and all escrow maintenance activities in production. This is a production role with tickets, QA, and SLA tracking for performance

Extensive knowledge of all tax and escrow-related mortgage investor rules for GSE, GOV, Private, and Bank-owned portfolios

Proven ability to effectively provide hands-on support to the Tax and Escrow mortgage servicing operations during the mortgage servicing system conversion, maintaining production and quality

Excellent written and verbal communication skills, organizational and time management skills, and the ability to interface confidently with investors/clients, auditors, and management