Escrow Specialist

Job Description

Job Description

Position : Escrow Specialist

Who We Are :

Renovo Financial is a rapidly growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff. Renovo’s reliability and “win-win” solutions- oriented approach is just two reasons why our repeat and referral rates far exceed the industry average. Renovo was honored to be named one of Crain’s 50 fastest-growing Chicago companies. Come join us, its “win-win!”

Position Summary :

Escrow Specialist will administer all aspects of the escrow account including tax, insurance, escrow analysis, and escrow account maintenance in the servicing system. The candidate will also be responsible for collaborating with our vendors, borrowers, and other departments.

• Process daily tax payments in coordination with the tax vendor and Renovo Accounting Team regarding funding
• Process daily insurance payments in coordination with the insurance vendor and Renovo Accounting Team regarding funding
• Maintain insurance records in the servicing system
• Force-Placed Insurance Oversight and Escalation Process
• Coordinate with borrowers on tax and insurance payment issues or inquiries
• Manage deed requests from tax vendor
• Complete escrow analyses and field questions from borrowers related to notices and curing process
• Follows up and resolves problems or issues with little to no direction from Supervisor
• The ability to analyze any situation or obstacle and provide a solution
• Have a thorough understanding of process in order to be proactive rather than reactive
• The ability to accept feedback to ensure a positive outcome
• Communicate with manager your goals, objectives, and key results to foster alignment and team focus
• Work special projects as needed

Ideal Candidate :

The ideal candidate for this role will have :

Behavioral Characteristics :

Renovo Financial is an equal opportunity employer. Renovo Financial does not discriminate in any employment actions (including hiring decisions) with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, gender identity and expression, marital status, disability, military status or unfavorable discharge from military service or any other characteristic protected by law.

Renovo offers a 401k plan with employer matching, paid time off, observance of company paid holidays, medical, dental, vision benefits for employees and their dependents, maternity benefits and more.