Escrow and Payoff Specialist

Lakeview Loan Servicing is seeking a detail-oriented Escrow and Payoff Specialist to facilitate all aspects of reviewing, confirming, and entering escrows, prepaid items, and payoffs in accordance with company and program guidelines, policies, and procedures.

• Escrow Account Management: Ensure all escrow accounts are funded accurately and reconcile to determine the amount due.
• Tax and Insurance Calculation: Calculate the amount of tax to be collected by obtaining property tax information from taxing authorities, current servicers, and tax certificates.
• Due Date Determination: Determine due dates for all taxes and insurance by reviewing and reconciling information between the servicing system, tax certificates, and county (or other tax authority) websites.
• Monthly Collections: Set up a monthly collection of mortgage insurance (MI) premiums and ensure all taxes and insurance due on or before the last day of the month of the first payment date are paid or funded at closing.
• Payoff Processing: Ensure all payoff figures are correct, including obtaining and reviewing current payoff information, and accurately input payoff data into the system and other applications as needed.
• FHA MIP Refunds: Ensure FHA mortgage insurance premium (MIP) refunds are accurate based on the month of funding.
• Escrow Balance Updates: Monitor changes to current escrow balances and payoffs, updating the loan origination system (LOS) accordingly.

• At least one year of experience in mortgage processing or closing.
• Excellent verbal and written communication skills.
• Strong interpersonal and organizational skills.
• Strong attention to detail.
• Ability to work overtime as needed.
• Willingness and ability to obtain SAFE licensing (at company expense) may be required.