Apply on Employer Site

Prosperity Bank · 17 hours ago

Senior Escrow Specialist (Full Time) - Plano Ops

Plano, TX, US

Full-time

Onsite

Mid, Senior Level

3+ years exp

Prosperity Bank is a financial institution seeking a Senior Escrow Specialist. The role is responsible for overseeing third-party insurance and tax vendors, managing escrow accounts for consumer and commercial loans, and ensuring compliance with RESPA guidelines.

BankingFinancial Services

Responsibilities

Sets up escrow buckets for all consumer and commercial loans in the Core system

Provides oversight of 3rd party insurance and tax vendor

Reviews and clears any exception items received by vendors

Review coming due and exception reports

Completes review of letters the tax and insurance vendors sends

Performs yearly escrow analysis and ensures analysis is completed within RESPA guidelines

Reviews and validates all overages and shortages on escrow analysis

Ensures all escrow overages are mailed within RESPA guidelines

Completes research on any requests sent by the branches, call center or other internal departments

Researches and responds to all inquiries received through the Escrow Mailbox

Pays all premiums associates with insurance, tax or PMI invoices

Reviews loan balances monthly to ensure PMI is removed per FHA and CFPB guidelines

Responsible for the endorsements, monitoring of repairs and inspections for Loss Drafts accounts

Research and resolution for tax suits received

All other tasks as assigned

Qualification

Consumer loan experienceCommercial loan experienceMathematics abilityOrganizational skillsCustomer correspondenceBasic algebraProblem-solving

Required

High School Diploma, GED or Equivalent

Minimum 3 years consumer and commercial loan experience required

Must possess very detailed organizational skills and the ability to multi-task job duties

Ability to read, interpret, and respond professionally to internal and external customer correspondence

Ability to speak effectively and clearly in response to internal and external customer requests and inquiries

Ability to calculate figures and amounts, such as discounts, interest, commissions, and percentages

Must possess the ability to apply basic concepts of algebra

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form

Ability to deal with problems involving several concrete variables in standardized situations

Ability to apply logical or scientific thinking to define problems, collect data, establish facts and draw conclusions

Able to interpret a variety of technical instructions and can deal with multiple variables

Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage

Able to perform very simple algebra

Ability to read periodicals, journals, manuals, dictionaries, thesauruses, and encyclopedias

Ability to prepare business letters, proposals, summaries, and reports using prescribed format and conforming to all rules of punctuation, grammar, diction, and style

Ability to conduct training, communicates at panel discussions, and make professional presentations