Escrow Assistant

Loan Operations Fort Washington, Pennsylvania United States


Description

Position at Avenue 365 Lender Services

Primary Function

The main focus of this position supports the ongoing escrow accounting support and compliance needs of the organization and mitigate risk.

Principal Duties

  • Review Stale Check report and work to have monies cashed, reissued, or marked for escheatment
  • Print and mail checks as well as communicate with intended recipients to have them cashed.
  • Review File Balance reports and make sure all monies are being disbursed timely or held for an appropriate reason
  • Report any discrepancies, issues, shortages or funding errors immediately
  • Follow up and remediation on daily deposits, delayed fundings, stale checks, file balances
  • Review exception reports to communicate delays and issues to customers
  • Work to close old accounts
  • Assist with Bi-annual escheat report with accounting
  • Prepare and review remittance reports
  • Prepare other licensing, compliance, accounting reports to support the business
  • Assist with customer complaints, legal matters, or tracking of responses
  • Support management as a liaison to large clients for on-boarding and ongoing account maintenance
  • Other duties as assigned by manager

Education and Experience Requirements  

  • Bachelor’s degree preferred
  • Accounting, Reporting, Financial background beneficial
  • Recommend two (2) to three (3) years of experience
  • Experience in the mortgage, appraisal, and/or title industry preferred

Knowledge, Skill and Ability Requirements  

  • Must possess the ability to work efficiently and accurately
  • Proven success in a fast-paced environment
  • Must be detail-oriented and demonstrate careful decision-making skills
  • Will need to work independently with minimal supervision
  • Basic computer skills