Escrow Hazard Insurance Specialist II - Remote

Insurance Monitoring Specialist

Responsible for monitoring third party insurance vendor to ensure all insurance bills are paid timely, adequate coverage is held on all properties, lender placed insurance procedures are followed properly, and to make sure all investor guidelines are followed. Process and monitor all hazard claims to include

Responsibilities

• Monitor third party insurance vendor to ensure insurance bills are paid timely in accordance with all guidelines.
• Work in conjunction with the third party insurance vendor to ensure adequate coverage is held on all properties both escrowed and non-escrowed.
• Ensure the proper processing of forced placed insurance in the event the borrowers fail to provide proof of insurance coverage.
• In accordance with investor guidelines, monitor coverage amount requirements for both Hazard and Flood insurance.
• Work with insurance vendor to identify and send letters on loans that have become first time vacancies.
• Request property inspections on loans that are pending claims.
• Deposit insurance refunds and research pending items.
• Request / monitor approvals to pay insurance on loans with disbursement stops.
• Maintain compliance on all Loss Draft procedures with regards to releasing held funds for repairs.
• File and monitor hazard insurance claims on foreclosure loans.
• Deposit insurance refunds and loss draft proceeds into the system of record.
• Ensure that third party vendor is tracking all loss draft claims and inspections are being ordered to release funds.
• Processing and payment of Optional Insurance Products.
• Handle customer issues related to insurance via phone calls or written correspondence.
• Assist with payment of PMI / MIP payments when needed.
• All other duties as assigned.

Qualifications

LoanCare's Total Rewards Package offers a comprehensive blend of health and welfare, financial, lifestyle and learning benefits to support employee well-being and engagement. Highlights include :

Compensation Range : $17.88-26.73 hourly. Actual compensation may vary within the range provided, depending on a number of factors, including qualifications, skills and experience.

At LoanCare, we don't just service mortgage loanswe serve people. As a leading full-service mortgage loan subservicer, we deliver excellence to banks, credit unions, independent mortgage companies, investors, and the homeowners they support. Backed by the strength and stability of Fidelity National Financial (NYSE : FNF), a Fortune 500 company, we offer a career foundation built on integrity, innovation, and collaboration.

Here, you'll find :

We provide the necessary equipment; all you need is a quiet, private place in your home and a high-speed internet connection with a minimum network download speed of 25 megabits per second (MBPS) and a minimum network upload speed of 10 MBPS.

Working conditions are normal for an office environment. Ability to attend work and be productive during normal business hours and to work early, late or weekend hours as needed for successful job performance. Over time required as necessary.

Essential functions are the basic job duties that an employee must be able to perform, with or without reasonable accommodation.

Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Reading Comprehension Understanding written sentences and paragraphs in work related documents.

English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Speaking Talking to others to convey information effectively.

Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.

Active Listening Giving full attention to what other people is saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Instructing Teaching others how to do something.

Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Time Management Managing one's own time and the time of others.

Writing Communicating effectively in writing as appropriate for the needs of the audience.

Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.

Problem Sensitivity The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.

Written Comprehension The ability to read and understand information and ideas presented in writing.

Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

Information Ordering The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).

Near Vision The ability to see details at close range (within a few feet of the observer).

Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.

Oral Expression The ability to communicate information and ideas in speaking so others will understand.

Speech Recognition The ability to identify and understand the speech of another person.

Speech Clarity The ability to speak clearly so others can understand you.

Equal Opportunity and Affirmative Action Policy

LoanCare, its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law.