Escrow PMI Specialist I

Job description

Overview We are seeking to fill the role of Escrow PMI Specialist I. The ideal candidate enjoys collaborating with clients, industry partners and internal teams to maximize outcomes for homeowners. Responsibilities: - Ensure premiums for conventional loans with PMI in the mortgage servicing portfolio are paid promptly and correctly; ensure proper documentation within the servicing system - Monthly payment and disbursement of mortgage insurance (“MI”) premiums due - Review monthly mortgage insurance Termination Reports to ensure that mortgage insurance is removed on all qualifying loans in accordance with established guidelines - Process requests from borrowers to have mortgage insurance terminated in accordance with established guidelines - Loan level review and completion of mortgage insurance open tasks - Determine if mortgage insurance has been removed prematurely and take the necessary corrective steps - Update and maintain PMI rescission/cancellation documents and work with internal/external clients to mitigate risk involved - Validate mortgage insurance data in the system of record on incoming and outgoing servicing transfers - Process all incoming mortgage insurance mail - W...