Job Description
Note: The job is a remote job and is open to candidates in USA. CMG Financial is a mortgage company seeking an Insurance & Loss Draft Analyst I to manage insurance premiums and loss draft funds. The role involves ensuring compliance with regulatory requirements, monitoring insurance coverage, and collaborating with other departments to provide exceptional service.
- Responsibilities
- Completes tracking, monitoring , disbursing of insurance related to mortgage loans
- Tracks, monitors, and disburses loss draft funds for mortgage loans
- Monitors the placement of lender placed hazard and flood insurance ensuring timely premium payments
- Processes various reports for insurance tracking with vendors and the force placement of insurance
- Processes flood zone changes reported by the vendor and ensuring real estate collateral located in special flood hazard areas maintain adequate insurance coverage
- Accurately documents systems with comprehensive status updates
- Manages daily task work queue and monthly bulk processing
- Collaborates with other departments to resolve cross-functional issues
- Researches and resolves exceptions and illogical conditions
- Monitors and completes research to resolve consumer, investor, and internal inquiries
- Completes insurance administration and loss draft processes in accordance with state and federal regulations and investor requirements
- Ensures compliance with State, Federal, Regulatory, and Investor Requirements and guidelines, maintains up-to-date knowledge of internal policies and procedures, and understands how requirement changes affect the operations
- Works with insurance vendors & third parties utilized in the escrow administration processes
- Meets established standards and guidelines with regard to compliance, job knowledge, quality, attendance, efficiency, initiative, and overall performance
- Other projects and assignments as needed
- Skills
- Proven experience in insurance and loss draft processes or in other relevant mortgage servicing departments
- Knowledge of insurance and loss draft processes, industry standards, consumer protection laws & regulations impacting escrow operations areas
- Ability to have a cross-functional impact across the servicing operation
- Highly organized, reliable, and results-driven
- Ability to hustle, willingness to learn, and adapt quickly to working in a fast-paced, fluid environment
- Proficient in Microsoft Office and call center equipment/software programs
- Excellent communication skills both written and verbal
- Ability to work within a team environment to foster positive work culture
- Ability to engage with associates to achieve goals and objectives
- Ability to work independently and as a member of high performing team
- Commitment to excellence and extraordinary standards
- Company Overview
- CMG Financial is a well-capitalized, privately held mortgage-banking firm. It was founded in 1993, and is headquartered in San Ramon, California, USA, with a workforce of 1001-5000 employees. Its website is http://www.cmgfi.com.
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