Escrow Specialist II

Posted 4 Days Ago
Be an Early Applicant
Salt Lake City, UT, USA
In-Office
Entry level
Financial Services
The Role
Monitors escrow vendors for accuracy, timeliness, service-level compliance, billing accuracy, and legal compliance. Performs data integrity audits, researches loan activity, reviews fees and advances, coordinates write-offs, maintains procedures, identifies process improvements, prepares reports and flowcharts, and collaborates with vendors and internal teams to resolve operational and customer issues.
Summary Generated by Built In
Job Summary & Responsibilities

Summary: Monitors activities of escrow vendors to ensure accuracy, timeliness, required service levels, accurate billing, compliance with state and Federal laws, and provide quality customer service. Performs comparison of Company and vendor data to ensure integrity.

Duties:

  1. Perform regular data integrity analysis and/or audits across various company and vendor databases/systems.
  2.  Research loan level activity and work closely with internal departments to provide accurate information.
  3. Maintain procedure manuals, identify internal and external business process improvements, communication to system support operations to facilitate daily operations and system projects.
  4. Coordinate corporate advances and write-offs to ensure quality service.
  5. Coordinate with vendors and maintain positive business relationships.
  6. Monitor daily operations of vendors to ensure established service levels and contract terms are met.
  7. Prepare process flowcharts, analyze data, audit exceptions, and prepare reports.
  8. Review vendor fees and advances for payment and/or recovery.
  9. Other duties as assigned.

Specs:

  1. Education level: Bachelor's Degree in Business or related field preferred.
  2. Must possess excellent communication skills with the ability to become a "business partner" with external vendors, customers, etc.
  3. Must be able to think conceptually, strategically and tactically to solve workflow and customer problems.

Principal Outcomes/Accountabilities of Job & Direct Reports: No direct reports Physical Demands: Office environment

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

Skills Required

  • Bachelor's degree in Business or a related field
  • Excellent communication skills and ability to build business partnerships with external vendors and customers
  • Ability to think conceptually, strategically, and tactically to solve workflow and customer problems
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The Company
HQ: West Valley City, UT
634 Employees
Year Founded: 1989

What We Do

Select Portfolio Servicing, Inc. (SPS) is a nationally recognized mortgage servicer specializing in the servicing of single-family residential mortgages. Founded in 1989, SPS is headquartered in Salt Lake City, Utah, with an office in Jacksonville, Florida. As a servicer, SPS manages the day-to-day administration of mortgage accounts. The Company’s overall objective is to provide excellent service to customers, preserve homeownership and prevent foreclosure.

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