Escrow Servicing Specialist

About company

ThoughtFocus helps forward-looking companies and organizations in the financial services, manufacturing, higher ed, public sector and emerging sectors innovate and achieve a better future faster. ThoughtFocus innovative and cutting-edge technology solutions enable its customers to deploy new capabilities faster, deliver better user experiences, and drive operating efficiencies. We do this through executional excellence and mitigating the risk of change. With headquarters in the U.S., the Company has more than 3,000 employees in locations spread across five countries. For more information, please visit the company website www.Thoughtfocus.Com

Overview

The Escrow Analysis & Servicing Specialist is responsible for managing and analysing escrow accounts related to property taxes, homeowners' insurance, and other related payments in compliance with regulatory requirements. This role ensures accurate calculations, timely disbursements, and effective communication with borrowers, lenders, and internal teams.

Key Responsibilities :

Escrow Analysis :

• Conduct annual and interim escrow analysis to determine correct escrow payments and adjustments.
• Review and validate escrow account balances, shortages, and overages to ensure compliance with RESPA (Real Estate Settlement Procedures Act) and investor guidelines.
• Generate and distribute Escrow Analysis Statements to borrowers, explaining changes in escrow payments.
• Identify and resolve escrow shortages, surpluses, and miscalculations promptly.

Escrow Servicing & Account Management :

Regulatory Compliance & Reporting :

Required Skills & Qualifications :

Preferred Qualifications :

Working Conditions