Escrow PMI Specialist I

Overview

The organization is seeking an Escrow PMI Specialist I to support mortgage servicing activities related to private mortgage insurance (PMI) for conventional loans. This role works with internal teams, industry partners, and clients to help ensure accurate and timely processing.

Responsibilities

• Ensure PMI/MI premiums for conventional loans in the mortgage servicing portfolio are paid promptly and correctly, including proper documentation within the servicing system
• Process monthly payment and disbursement of mortgage insurance (MI) premiums due
• Review monthly mortgage insurance Termination Reports to ensure mortgage insurance is removed on all qualifying loans in accordance with established guidelines
• Process borrower requests to have mortgage insurance terminated in accordance with established guidelines
• Complete loan-level reviews and mortgage insurance open tasks
• Determine whether mortgage insurance has been removed prematurely and take necessary corrective steps
• Update and maintain PMI rescission/cancellation documents and work with internal and external clients to mitigate associated risk
• Validate mortgage insurance data in the system of record on incoming and outgoing servicing transfers
• Process all incoming mortgage insurance mail
• Perform weekly processing of validation reports to ensure all MI lines are set up correctly in the system of record, including closing document review
• Perform all other duties as assigned

Qualifications

• High School Diploma or equivalent required
• 1+ years of experience in mortgage loan servicing/lending (insurance company, escrow department, accounts payable, accounting clerk, or similar role may be acceptable)
• Knowledge of taxing authority due dates, including delinquent and loss/reduction of discount dates
• Ability to manage time and priorities effectively
• Ability to quickly grasp concepts, make sound decisions, and resolve issues
• Ability to work in a high-volume, time-sensitive environment
• Ability to work independently with minimal direction and meet deadlines
• Ability to collaborate with peers in a team environment
• Ability to communicate effectively in writing, in person, and by telephone
• Proficiency using Microsoft Office products (Excel, Word, PowerPoint, etc.)
• Ability to maintain strict confidentiality

Preferred Qualifications

• Knowledge of investor guidelines and processing systems

Compensation & Benefits

• Compensation range: $16.54 - $24.71 per hour (actual compensation may vary within the range based on qualifications, skills, and experience)
• Health & Welfare Coverage: Optional medical, dental, vision, life, and disability insurance
• Time Off: Paid holidays, vacation, and sick leave
• Retirement & Investment: Fidelity National Financial matching 401(k) and employee stock purchase plans
• Wellness Programs: Access to mental health resources, including free Calm memberships, and initiatives promoting physical and emotional well-being
• Employee Recognition: Programs that celebrate achievements and milestones
• Lifestyle & Learning Perks: Discounts on gym memberships, pet insurance, and employee purchasing programs, plus tuition reimbursement

Location

Remote employment.

• The organization provides necessary equipment.
• A quiet, private place in your home and a high-speed internet connection are required, with a minimum network download speed of 25 megabits per second (MBPS) and a minimum network upload speed of 10 MBPS.

Work Conditions

• Normal office environment.
• Ability to attend work and be productive during normal business hours, with potential need to work early, late, or weekend hours as needed.
• Overtime required as necessary.
• Essential functions must be performed with or without reasonable accommodation.