Bank of the West Sr Flood Processor in Topeka, Kansas
Sr Flood Processor
At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
Job Description Summary
The Escrow Specialist I is responsible for ensuring all escrowed items are paid in a timely manner. In addition, the Specialist handles optional insurance balancing for the billing, upgraded customer issues, loss claims processing, and research. The Specialist also monitors loans for flood insurance and lender placed insurance. The Escrow Specialist ensures the operation of the Escrow department stays compliant with regulatory requirements and updates policies and procedures as necessary.
Perform assigned functions within Escrow flood Administration timely and accurately while remaining compliant with all state, federal and investor guidelines.
Essential Job Functions
Flood Insurance Tracking: Process incoming flood insurance policies. Review each renewing flood insurance policy, cancelation or amendment to ensure proper flood insurance coverage is maintained.
Document and communicate insurance cancellation and renewal issues with customers and lenders to ensure that proper insurance coverage is maintained at all times.
Review all loan applications secured by real estate located within a Special Flood Hazard Area to determine the amount of flood insurance required and that the correct policy is obtained to ensure that all bank and federal regulations are met. Facilitate communication between lenders, customers and insurance personnel to maintain cohesive understanding of specific requirements and proper documentation for each loan closing.
Complete payment processing for loans that escrow flood insurance. Work with the insurance agents to ensure proper billing.
Forced Placed Insurance Review each insurance policy as it cancels or expires to ensure proper coverage is maintained. Communicate insurance issues with customers and lenders, following state and federal regulations. Force placed insurance when necessary. Process monthly forced placed insurance reconciliation, refunds, and renewals.
Maintains a working level knowledge of rules, rates, regulations and procedures of the National Flood Insurance Program and the company’s admitted surplus products.
Other Job Duties
Monitors new loan escrow line setup.
Researches and responds to customer inquiries received by phone or mail.
Acts as an informational resource within the department, for other departments.
Performs other duties as assigned.
Requires broad knowledge of operational systems and practices typically gained through extensive experience and/or education.
Requires 5 years minimum experience mortgage loan servicing experience preferably in Real estate taxes, homeowners insurance, flood, Mortgage or an equivalent combination of education and experience.Open and receptive to change and must have the ability to operate in a fast paced environment.
Capable problem solver with an analytical mind sent and excellent organizational skills
Ability to work independently, successfully prioritize multiple functions and meet deadlines.
Possess good written and verbal communications skills. Positive attitude and a customer centric focus.
May require vocational or technical education in addition to prior work experience.
- High School Diploma or GED Required
Proficient knowledge of escrow servicing systems.
Proficient knowledge of RESPA guidelines as well as other agency guidelines and requirements (e.g.
HOPA) as it applies to mortgage servicing.
Proficient knowledge of insurance/tax and analysis procedures.
Proficient knowledge of all mortgage escrow requirements.
Proficient knowledge of MS Office software, including Word, Excel and Outlook.
IFE and MBA courses helpful.
Ability to operate a CRT and 10-key calculator.
Analytical and research skills.
Attention to details.
Bank product and service knowledge.
Customer service skills.
Maintain filing system.
Operate standard office equipment.
Personal computer skills.
Performs math and analyses.
Type 35 wpm.
Verbal and written communication skills.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Location: United States-Kansas-General KS
Requisition ID: 054068