Mortgage Lending Insurance Administration Specialist

Truist; Richmond (VA); Sur place; USD 50 000 - 55 000; Plein temps

Avantages offerts par ce poste

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Paid vacation and sick days

Résumé du poste

Truist in Richmond, VA seeks an Insurance Coverage Specialist to monitor and enforce mortgage-related insurance, ensuring compliance with regulatory and investor guidelines. You will review coverage, communicate with clients, and update records on line setups, renewals, terminations, and inquiries.

The role requires a college degree or equivalent, 1–2 years in mortgage/banking, and proficiency with Word/Excel. Strong written and oral communication, organization, and teamwork are essential.

Qualifications

• College degree or comparable education.
• 1–2 years of mortgage, banking, banking operations, or comparable education.
• Proficiency with Microsoft Office suite including Word and Excel.

Responsabilités

• Monitor and enforce insurance coverage to protect collateral.
• Review and analyze insurance coverage per regulatory and investor guidelines.
• Communicate with clients regarding insurance coverage compliance.
• Update internal systems to reflect document issuance and retention standards.
• Issue notifications regarding sufficiency, termination, lender placement, and cancellation of insurance.

Connaissances

Mortgage/Banking experience

Strong communication

Formation

College degree or comparable education

Outils

Microsoft Word

Microsoft Excel

Description du poste

Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America)

Please review the following job description:

Essential Duties and Responsibilities

Responsible for the efficient and accurate monitoring and enforcement of insurance coverage to protect collateral within the servicing portfolio. Ensure accurate and timely review and analysis of insurance coverage based on regulatory and investor guidelines. Provide effective and consistent communication with clients regarding insurance coverage compliance associated with their account. Coverage guidelines and adherence pertains to hazard insurance, flood insurance, optional insurance, and private mortgage insurance. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. Complete data entry and validation at time of new line setup, renewal dates, scheduled termination dates, and at time of client inquiry Issue accurate and timely client notifications regarding sufficiency of insurance coverage, termination, lender placement and cancellation of insurance Update internal system of record to capture document issuance and retention standards Stay current on regulatory timelines and investor guidelines as it pertains to insurance associated with mortgage servicing Identify and communicate adverse issues, trends or inefficiencies to management and other lines of business along with proposed solutions; contribute to agreed upon resolutions. Build and maintain relationships with internal and external business partners, managing expectations and accountability All other duties as assigned.

Qualifications Required

The requirements listed below are representative of the knowledge, skill and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• College degree or comparable education and experience
• One to two years of mortgage, banking, banking operations, or comparable education
• Proficiency with Microsoft Office suite of products to include Word and Excel

Preferred Qualifications

• Two or more years of retail banking, banking operations, or experience in a law firm or corporate setting
• Strong research and investigation skills
• Proficiency with banking software, deposit account systems, or mortgage servicing systems
• Excellent written and oral communication skills
• Ability to prioritize a significant volume of work with simultaneous deadlines
• Strong organizational skills and attention to detail
• Ability to work effectively in teams and independently and make effective decisions consistent with role and responsibilities

Salary

The annual base salary for this position is $50,000-$55,000.

Benefits

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Equal Opportunity & Diversity

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law.

Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work About Truist Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.