SUMMARY: Loan Escrow Processing and various other collateral related loan functions.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Job requires no teller capabilities; this job does include maintenance capabilities.
• Establish and maintain mortgage, consumer and commercial escrow accounts including:
  • Tax collector verification
  • Escrow account analysis functions
  • Escrow account maintenance
  • Initial statement processing
  • Opening and closing of escrow accounts
  • Pay escrow items including homeowner’s insurance, mortgage insurance, USDA annual fees and taxes.
• Obtain tax notices if tax collector or customer does not submit them to us on their own. Taxes should be paid within the discount period if at all possible. Obtain duplicate bill if needed from Tax collector and pay duplicate bill fee.
• Complete annual escrow analysis for each account. Analyze variances to determine appropriate adjustments. Notify customers accordingly.
• Back up forced place insurance tracking and real estate insurance tracking.
• Reconcile and process various insurance items such as MGIC.
• Track primary mortgage insurance.
• Manage loan coupon book orders and supplies.
• Assist with testing of updates to the DNA Core banking system.
• Review various reports such as Escrow reports, Mortgage Termination Report, Loan Exceptions, etc.
• Provides access to the Collateral Vault.
• Assumes additional duties as required.
• Maintains current knowledge of and adheres to the BSA policy.

SUPERVISORY RESPONSIBILITIES

There are no supervisory responsibilities for this position.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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.

EDUCATION and/or EXPERIENCE

High school diploma or general education degree (GED); or three to six months related experience and/or training; or equivalent combination of education and experience. Good understanding of financial institution products and services essential.

LANGUAGE SKILLS

Ability to read and interpret documents such as procedure manuals. Ability to write routine correspondence. Ability to speak effectively before groups of customers or employees of organization. Possesses good organizational skills, the ability to read and interpret reports, and works quickly and efficiently while providing the utmost accuracy and attention to detail.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts and interest, etc.

REASONING ABILITY

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to use hands and fingers to operate office equipment, telephones, etc. The employee must occasionally lift and/or move up to 25 pounds.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.