Escrow Specialist

ADP, Inc.; Chicago (IL); On-site; USD 52,000 - 68,000; Full time

Benefits offered by this job

401k with employer matching

Paid time off

Health, dental, and vision benefits

Job summary

Renovo Financial in Chicago, IL is seeking an Escrow Specialist to administer all aspects of escrow accounts, including tax, insurance, and escrow analyses, while collaborating with vendors, borrowers, and other departments.

The role requires 1–2 years escrow handling and 2 years mortgage servicing, strong organizational and communication skills, and the ability to work independently in a fast-growing company, with opportunities to contribute to special projects.

Qualifications

• High School Diploma or equivalent.
• 1–2 years escrow handling experience.
• 2 years mortgage servicing experience.
• Excellent organizational and communication skills.

Responsibilities

• Process daily tax payments with tax vendor and Renovo Accounting Team regarding funding.
• Process daily insurance payments with insurance vendor and Renovo Accounting Team regarding funding.
• Maintain insurance records in the servicing system.
• Force-Placed Insurance Oversight and Escalation Process.
• Coordinate with borrowers on tax and insurance payment issues or inquiries.
• Manage deed requests from tax vendor.
• Complete escrow analyses and field questions from borrowers related to notices and curing process.
• Follows up and resolves problems or issues with little to no direction from Supervisor.
• The ability to analyze any situation or obstacle and provide a solution.
• Have a thorough understanding of process in order to be proactive rather than reactive.
• The ability to accept feedback to ensure a positive outcome.
• Communicate with manager your goals, objectives, and key results to foster alignment and team focus.
• Work special projects as needed.

Skills

Customer service

Time management

Communication skills

Analytical thinking

Team player

Self-motivated

Adaptability

Education

High School Diploma or equivalent

Tools

Microsoft Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Escrow Specialist

Chicago, IL, US

30+ days ago Requisition ID: 1018

Position: Escrow Specialist

WhoWeAre:

RenovoFinancialisarapidlygrowingChicago-basedprivate lenderservingreal estateinvestorswhoacquireand renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff. Renovo’s reliability and “win-win” solutions- orientedapproachisjusttworeasonswhyourrepeatandreferralratesfarexceedtheindustryaverage.Renovo was honored to be named one of Crain’s 50 fastest-growing Chicago companies. Come join us, its “win-win!”

PositionSummary:

Escrow Specialist will administer all aspects of the escrow account including tax, insurance, escrow analysis, and escrow account maintenance in the servicing system. The candidate will also be responsible for collaborating with our vendors, borrowers, and other departments.

• Process daily tax payments in coordination with the tax vendor and Renovo Accounting Team regarding funding
• Process daily insurance payments in coordination with the insurance vendor and Renovo Accounting Team regarding funding
• Maintain insurance records in the servicing system
• Force-Placed Insurance Oversight and Escalation Process
• Coordinate with borrowers on tax and insurance payment issues or inquiries
• Manage deed requests from tax vendor
• Complete escrow analyses and field questions from borrowers related to notices and curing process
• Follows up and resolves problems or issues with little to no direction from Supervisor
• The ability to analyze any situation or obstacle and provide a solution
• Have a thorough understanding of process in order to be proactive rather than reactive
• The ability to accept feedback to ensure a positive outcome
• Communicate with manager your goals, objectives, and key results to foster alignment and team focus
• Work special projects as needed

IdealCandidate:

The ideal candidate for this role will have:

• High School Diploma or equivalent
• Preference to someone in Chicagoland area
• 1-2 years related experience in escrow handling
• 2 years of mortgage servicing experience
• Excellent organizational abilities and time management skills
• Excellent customer and listening skills
• Intermediate computer skills required to retrieve, query, create and update documents and spreadsheets containing basic formulas and formatting
• Ability to work independently and maintain tight deadlines
• Effective communication skills, both written and spoken
• Team-oriented personality
• Willingness to adapt and change with a fast-growing company
• Analytical skills and good judgement

Behavioral Characteristics:

• Self-Motivated:Youtakeon taskswithoutwaitingtobetoldwhattodo
• Positive Attitude:Youapproachsituationswithaproactiveandpositiveattitude
• Adaptable: You respond quickly to changing ideas, responsibilities, expectations, trends, and other processes
• Determined:Youstayoncourseevenduringdifficultassignmentsandyoucraveopportunityfor advancement
• Team Player:Youbelievethat tobesuccessfulyouneedtoleverageandtrustyourteam.Youleadby example.
• Openminded:Alwaysseekstofindanddevelopcreativesolutions

Renovo Financial is an equal opportunity employer. Renovo Financial does not discriminate in any employment actions (including hiring decisions) with regard to race, color, religion, national origin, citizenshipstatus,ancestry,age,sex(includingsexualharassment),sexualorientation,genderidentityand expression, marital status, disability, military status or unfavorable discharge from military service or any other characteristic protected by law.

Renovo offers a 401k plan with employer matching, paid time off, observance of company paid holidays, medical, dental, vision benefits for employees and their dependents, maternity benefits and more.