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Insurance & Loss Draft Analyst I jobs in United States
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CMG Financial · 1 day ago

Insurance & Loss Draft Analyst I

CMG Financial is a mortgage company seeking an Insurance & Loss Draft Analyst I to manage insurance premiums and loss draft funds. The role involves ensuring compliance with regulatory requirements, monitoring insurance coverage, and collaborating with other departments to provide exceptional service.
LendingBankingMortgage
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Growth Opportunities

Responsibilities

Completes tracking, monitoring , disbursing of insurance related to mortgage loans
Tracks, monitors, and disburses loss draft funds for mortgage loans
Monitors the placement of lender placed hazard and flood insurance ensuring timely premium payments
Processes various reports for insurance tracking with vendors and the force placement of insurance
Processes flood zone changes reported by the vendor and ensuring real estate collateral located in special flood hazard areas maintain adequate insurance coverage
Accurately documents systems with comprehensive status updates
Manages daily task work queue and monthly bulk processing
Collaborates with other departments to resolve cross-functional issues
Researches and resolves exceptions and illogical conditions
Monitors and completes research to resolve consumer, investor, and internal inquiries
Completes insurance administration and loss draft processes in accordance with state and federal regulations and investor requirements
Ensures compliance with State, Federal, Regulatory, and Investor Requirements and guidelines, maintains up-to-date knowledge of internal policies and procedures, and understands how requirement changes affect the operations
Works with insurance vendors & third parties utilized in the escrow administration processes
Meets established standards and guidelines with regard to compliance, job knowledge, quality, attendance, efficiency, initiative, and overall performance
Other projects and assignments as needed

Qualification

Insurance processesLoss draft processesEscrow account managementRegulatory complianceMicrosoft OfficeCommunication skillsTeam collaborationOrganizational skillsAdaptability

Required

Proven experience in insurance and loss draft processes or in other relevant mortgage servicing departments
Knowledge of insurance and loss draft processes, industry standards, consumer protection laws & regulations impacting escrow operations areas
Ability to have a cross-functional impact across the servicing operation
Highly organized, reliable, and results-driven
Ability to hustle, willingness to learn, and adapt quickly to working in a fast-paced, fluid environment
Proficient in Microsoft Office and call center equipment/software programs
Excellent communication skills both written and verbal
Ability to work within a team environment to foster positive work culture
Ability to engage with associates to achieve goals and objectives
Ability to work independently and as a member of high performing team
Commitment to excellence and extraordinary standards

Company

CMG Financial

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CMG Financial is a well-capitalized, privately held mortgage-banking firm.

Funding

Current Stage
Late Stage

Leadership Team

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Paula White
Senior Vice President,Senior Loan Officer
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Christopher George
President
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Company data provided by crunchbase