Banking Specialist - Title Insurance

Essent; Coraopolis (Allegheny County); On-site; USD 48,000 - 62,000; Full time

Benefits offered by this job

Paid time off

Medical

Dental

Vision

401(k)

Disability benefits

Job summary

Essent Group Ltd. in the United States is seeking a Banking/Funding Specialist, Title Insurance, to administer escrow accounts and balance disbursements, and to prepare payments and reports.

This on-site role is based in Coraopolis, PA and supports the closing process with attention to accuracy. The position requires a Bachelor’s degree or equivalent, at least 1 year of relevant experience, and proficiency with MS Office.

Qualifications

• Bachelor’s degree or equivalent work experience.
• 1+ year of relevant industry experience (funding, banking, disbursement, wires, checks).
• Exposure to Escrow Closings on a national basis.

Responsibilities

• Prepare wires in banks' websites for closing files and pull hourly reports to verify postings.
• Resolve outstanding check issues via online research, email, and phone.
• Print and mail checks with required documentation.
• Balance escrow accounts with Recon department when discrepancies exist.
• Review loan information to ensure accurate disbursements.
• Perform internal transfers of escrow funds for online recordings.

Skills

Wires & payments tracking

Analytical thinking

Communication skills

Time management

MS Office proficiency

Education

Bachelor’s degree or equivalent

Tools

RamQuest

Job description

Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, "Essent") which serves the housing finance industry by offering private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. We are focused on managing risk and dedicated to serving as a strong and fair counterparty. As a company, we bring strong private capital and a commitment to risk management to the mortgage insurance industry.

Title

Banking/Funding Specialist, Title Insurance

Location

Coraopolis, PA (fully on-site)

Administer escrow accounts, including balancing accounts to ensure accuracy of disbursements; prepares payments and reports.

Responsibilities

• Prepare wires (set up and approvals) in the banks websites for delivery as set up in each file by the closing teams. Pull hourly reports from each bank site to ensure incoming wires are as timely posted in each file needed in the company production system.
• Resolves outstanding check issues utilizing online research and communication by email and phone.
• Print and mail checks to payees and include any required documentation needed.
• Balance escrow accounts as needed when engaged by Recon department to review if any discrepancies are found.
• Review loan information to ensure accuracy of disbursements.
• Internal transfer of escrow funds to facilitate online document recordings
• Perform other duties as assigned by management.

Minimum Education & Experience Requirements

• Bachelor’s degree in related field or equivalent work experience.
• 1 + year of relevant industry experience. Experience in funding, banking, disbursement, wires, checks, etc. a plus.
• Exposure to Escrow Closings on a National basis.
• Experience with RamQuest closing operations system and all integration systems is preferred.
• Ability to read and interpret documents such as underwriting guideline matrix, lender’s instructions, trust agreements, and purchase contracts.
• Ability to follow all company procedures and policies including meeting the company customer service expectations.
• Excellent written and verbal communication skills.
• Strong analytical and problem-solving skills.
• High-level customer service and relationship management skills.
• Ability to productively interact with peers, customers, and management.
• Mathematical acumen to analyze complex equations.
• Strong time management, organizational, and planning skills, with strong attention to detail.
• Proficiency in MS Office Suite.
• Maintains flexible hours.

Our commitment to your success is enhanced by our competitive salary and comprehensive benefits package including paid time off, medical, dental, vision, 401(k) and disability benefits. We work to maintain a positive environment for our employees, where people can learn and grow with the company. Essent is an Equal Opportunity Employer.