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Title: Mortgage Insurance Specialist (Non – LO – No Consumer Contact)

Job Status: Full Time/Hourly Department: Operations

Reports to: Payment Processing/MI Supervisor Work Schedule: Flexible

Amount of Travel Required: No travel required

Vanderbilt Mortgage and Finance, Inc. was established in 1974 and currently services over 200,000 loans. Our strength as an organization is rooted in the quality of our people and products. We are an equal opportunity employer committed to creating a diverse workforce. Furthermore, we're financially strong, with a reputation for leading the industry with unsurpassed products, a broad range of services and a coast-to-coast presence. We're professionally strong, from entry level to more experienced positions, we're actively recruiting individuals who are passionate, positive, and eager to learn. As a member of our team, we will equip you for success, you'll enjoy excellent benefits, opportunities for growth, and an encouraging culture that supports work/life balance.

POSITION SUMMARY:

The Loan Services Mortgage Insurance Specialist exists for daily, weekly and monthly reviews and reconciliations of Mortgage Insurance and Private Mortgage Insurance accounts. Ensuring requirements for the termination/cancellation of MI/PMI is handled according to requirements set forth by FHA, USDA and The Home Owner’s Protection Act (HPA).

ESSENTIAL FUNCTIONS:

  • Reviewing borrower requests for early termination of MI/PMI and mailing written responses.

  • Terminating the MI/PMI from the VMF servicing system when applicable.

  • Requesting the termination and cancellation of MI/PMI through FHA, USDA and private mortgage insurance companies.

  • Reconciling reports from FHA, USDA and private mortgage companies for premiums due to the servicing system.

  • Reviewing daily reports for paid out loans.

  • Communicating with mortgage insurance companies.

  • Working closely with Research, Loan Services Audit and Accounting on escrow payment adjustments, the payment of MI/PMI premiums and ensuring the VMF is compliant with laws and regulations set forth by FHA, USDA and the HPA.

  • Performs other duties as assigned.

QUALIFICATIONS:

  • Associates or Bachelor’s degree preferred.

  • Experience working with escrow, or queries would be beneficial.

  • Proficient in Excel.

  • Ability to effectively communicate and interact with internal departments via phone, email and fax.

  • Ability to manage multiple duties with a sense of urgency.

  • Great attention to detail, organizational and follow-up skills.

  • Ability to work in a team environment.

PHYSICAL DEMANDS:

  • Must be able to remain in a stationary position 75% of the time.

  • Constantly operate a computer and other office productivity machinery, such as a telephone, calculator, copy machine, and computer printer.

  • 90% communication methods completed over the phone. Must be able to exchange accurate information at all times.

  • Ability to identify and assess account status and determine appropriate process.

  • Constantly works in an indoor temperature controlled, sealed window office environment.

BENEFITS:

  • 401(K) includes 100% company match of the first 4%

  • Medical and Dental Plan with Prescription Coverage and Vision

  • Paid Time Off (PTO) and holidays

  • Tuition Assistance

  • Wellness Programs and On-site workout facility

  • On-site restaurant

  • TeamShare Company Bonus