Escrow Specialist
- ThoughtFocus
- 1 - 5 years
- Bengaluru
- 11 months ago
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Job Description
Job Summary:
We are seeking a skilled and detail-oriented professional with 1+ years of experience in escrow payment processing, mortgage servicing, and loan operations. The ideal candidate will have hands-on experience in escrow analysis, tax payment and disbursement, mortgage research, post-closing activities, delinquency management, and overall loan servicing.
Key Responsibilities:
Escrow Management & Analysis:
- Perform escrow account analysis and ensure timely payments for taxes and insurance.
- Monitor escrow accounts for shortages or surpluses and take appropriate actions.
- Process escrow disbursements, including tax and insurance payments.
Tax Payment & Disbursement:
- Review and process property tax payments on behalf of borrowers.
- Ensure accurate and timely tax disbursement to appropriate authorities.
- Investigate and resolve discrepancies related to tax payments.
Mortgage Research & Servicing:
- Conduct research on mortgage loans, payment histories, and borrower inquiries.
- Ensure compliance with mortgage servicing regulations and investor guidelines.
- Assist in resolving issues related to loan modifications, escrow accounts, and payment adjustments.
Post-Closing & Loan Servicing:
- Perform quality checks on loan documents after closing.
- Ensure completeness and accuracy of loan files in accordance with regulatory standards.
- Coordinate with stakeholders to address any post-closing discrepancies.
Delinquency & Loan Servicing:
- Monitor delinquent accounts and assist in loss mitigation efforts.
- Work with borrowers to resolve delinquency issues through appropriate channels.
- Maintain accurate loan records and update systems as needed.
Required Qualifications & Skills:
- 1+ years of experience in escrow payment processing, mortgage servicing, or related fields.
- Strong understanding of escrow analysis, tax disbursements, and loan servicing operations.
- Knowledge of mortgage lending regulations and compliance requirements.
- Proficiency in mortgage servicing software and Microsoft Office applications.
- Excellent problem-solving and analytical skills.
- Strong communication skills to interact with clients, vendors, and internal teams.
Preferred Qualifications:
- Experience working with mortgage servicing platforms (e.g., MSP, Black Knight, Fiserv, etc.).
- Familiarity with regulatory guidelines such as RESPA, CFPB, and investor requirements.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Other, Role Category: OtherRole: OtherEmployement Type: Full timeContact Details:
Company: ThoughtFocusLocation(s): Bengaluru
Keyskills: Escrow US Mortgage Property Tax Loan Processing
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