Temporary Worker - Loan Escrow and Insurance Servicing Specialist

City National Bank (CNB); Miami (FL); On-site; USD 42,000 - 62,000; Full time

Job summary

City National Bank of Florida is hiring a Temporary Worker for the Escrow and Insurance Servicing Unit. The role coordinates loan escrow operations, insurance tracking, and tax record maintenance while ensuring regulatory compliance and accurate recordkeeping.

The position requires 2–4 years in loan escrow and flood insurance regulatory knowledge, plus strong MS Office proficiency and excellent communication. It offers exposure to loan servicing processes and cross-functional collaboration.

Qualifications

• 2-4 years of experience in Loan Escrow and Insurance Servicing (Administration, Operations, Accounting, Escrows).
• 2-4 years in Escrow and Flood insurance regulatory requirements.
• Extensive knowledge of loan documentation, mortgage loans, escrows, insurance requirements.
• Experience processing insurance (hazard, windstorm, flood, PMI, builders risk, liability, etc.).
• Strong knowledge in Escrow regulatory requirements.
• Proficiency in Microsoft Office (Word, Excel, Access, Outlook).
• Dynamic, self-motivated with excellent verbal and written communications skills.
• Strong client service, organizational and time-management skills.
• Detail oriented with ability to balance multiple time-sensitive tasks.
• Accuracy and great follow-up skills; able to work in a team.

Responsibilities

• Performs QC for all triggering events (New, Renewals, Modifications, Extensions, Increases) covering Flood regulation.
• Verifies insurance records and tracks collateral in applicable systems.
• Maintains insurance and tax records for loan collateral.
• Reviews insurance coverage compliance at origination/renewal/modification.
• Monitors service provider reports and requests updated insurance from agents.
• Manages escrow disbursements for insurance and taxes; monitors timely processing.
• Generates escrow analyses and annual statements; ensures accuracy and compliance.
• Resolves client inquiries and loan issues; collaborates with Servicers.

Skills

Loan Escrow

Insurance Servicing

Regulatory Knowledge

Customer Service

Communication

Education

High School Diploma or GED

Tools

Microsoft Office

Job description

Overview

Temporary Worker

The Loan Escrow and Insurance Services Specialist Temp, coordinates a variety of functions within the Escrow and Insurance Servicing Unit related to the business operations of the Bank including but are not limited to loan servicing functions, confirmation of loan collateral, required insurance covering collateral and other perils, creation of insurance and tax records, ordering real estate tax service contract, transmittal of required insurance for tracking by outsource service provider, processing payment of taxes and insurance, maintenance of escrow records and notepads on loan system, analysis of client escrow accounts, confirmation of annual statement generation and mailing to clients, resolution of loan issues.Monitors Serviced by Others portfolio and maintains current records on Servicer.Provides client service, research and timely resolution of client inquiries/complaints.Fully knowledgeable and capable of filling in on day- to- day assignments if necessary.Cross-trains other employees in these functions. Ensures compliance with all policies and procedures as well as regulatory requirements surrounding escrow and insurance (included but not limited to Flood, Hazard, Windstorm).

Principal Duties & Responsibilities:

• Performs QC for all “triggering events” (New, Renewals, Modifications, Extensions, Increases) covering all aspects of the Flood regulation. Ensuring all collateral, escrow and insurance records are being properly tracked in all applicable systems.

• Performs QC for all “triggering events” (New, Renewals, Modifications, Extensions, Increases) for all other required types of insurance. Ensuring all collateral, escrow and insurance records are being properly tracked in all applicable systems.

• Confirms and performs (if needed) required maintenance on insurance, tax and other collateral records created on Loan System at loan booking.

• Reviews and verifies adequacy of insurance coverage (included but not limited to Flood, Hazard, Windstorm) and compliance with established policy and regulatory requirements at loan origination/renewal/modification/increase/extension and during life of loan .

• Processes, forwards and monitors insurance outsourced Servicer for tracking and lender placement; reviews service provider’s reports, performs inquiry/research on servicer’s Tickler System and issues request for updated insurance to Insurance Agents, et al.

• Maintains ongoing insurance and tax records on all collateral.

• Reviews and disseminates Insurance Exception Reports generated by outsource Service Provider.

• Monitors force placement of insurance, reviews weekly policy register, confirms billing and payment of force placed premiums; issues instructions for posting lender placed premiums on loan accounts and verifies proper posting. Ensures compliance with policy and regulatory requirements.

• Originates escrow disbursement for payment of insurance premiums and taxes. Ensures all applicable escrow disbursements are processed timely and accurately.

• Reviews daily Loan System reports on forthcoming disbursements, escrow matters and exceptions; takes appropriate action required; and disseminates information to Management.

• Monitors and generates escrow analysis and annual statements. Validate/reconciles that all applicable escrow analysis/statements were generated. Validates accuracy of escrow analysis statement on a scope basis. Ensures compliance with policy, procedures and regulatory requirements surrounding escrow.

• Performs research and resolves loan issues.

• Monitors Insurance and taxes for loans that are being Serviced by Others (Participations Purchased, SBO, etc.).

• Provides client service; performs research for timely resolve of client inquiries/ complaints.

• Functions efficiently and effectively under deadlines and stress while maintaining a professional and mature demeanor.

• Performs other duties as assigned.

• May participate in projects and audits as needed.

Qualifications

• 2-4 years of experience in Loan Escrow and Insurance Servicing (Administration, Operations, Accounting, Escrows [insurance and taxes].
• 2-4 years of experience in in Escrow and Flood insurance regulatory requirements.

• Extensive knowledge of loan documentation, mortgage loans, escrows, insurance requirements and terminology.

• Must have experience in processing insurance (including but not limited to hazard, windstorm/hail, flood, private mortgage insurance, builders risk, liability, excess liability, worker’s comp, business income, rental loss, equipment, autos, boats, etc.)

• Strong knowledge in Escrow regulatory requirements.

• Strong knowledge in Flood Insurance regulatory requirements.

• Proficiency in relevant software applications.

• Proficient in Microsoft Office (Word, Excel, Access, Outlook, Internet) and use of office machines (calculator, facsimile).

• Dynamic, self-motivated, with excellent verbal and written communications skills, ability to interact with all levels of the organization, and lead.

• Strong client service, organizational and time-management skills.

• Detailed oriented, with ability to balance multiple time-sensitive tasks at various levels of completion.

• Accuracy and great follow-up skills mandatory. Able to work in a team environment.

Education

• High School Diploma or GED equivalent.

Special Instructions to Candidates

City National Bank of Florida is an Equal Opportunity Employer and is committed to providing equal employment opportunities to all applicants. We do not discriminate on the basis of race, color, religion, sex, pregnancy, national origin, age, disability, genetic information, protected veteran status, or any other status protected under federal, state, or Florida law. City National Bank of Florida complies with the Americans with Disabilities Act (ADA) and applicable Florida laws. Qualified individuals with disabilities who require a reasonable accommodation in order to complete the online application or participate in the hiring process may contact our Human Resources Talent Attraction Department at 305-577-7207 or by email at [e-mail].