Escrow Assistant

1 week ago

Mysore, Karnataka, India ThoughtFocus Full time ₹ 9,00,000 - ₹ 12,00,000 per year

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

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:

  • Process
    property tax and homeowners' insurance payments
    from escrow accounts in a timely manner.
  • Monitor
    escrow disbursements
    to prevent delinquencies and ensure payments are made accurately.
  • Coordinate with
    tax authorities, insurance providers, and mortgage servicers
    to resolve discrepancies and ensure compliance.
  • Address
    borrower inquiries
    related to escrow payments, analysis, and adjustments.
  • Handle
    escrow account setups, modifications, and terminations
    as needed.

Regulatory Compliance & Reporting:

  • Ensure all
    escrow activities comply with federal, state, and investor guidelines
    (e.g., RESPA, CFPB regulations).
  • Maintain accurate
    escrow account records
    and prepare reports for audits and internal reviews.
  • Assist in
    reconciliation of escrow accounts
    and identify potential discrepancies.

Required Skills & Qualifications:

  • Bachelor's degree in finance, Accounting, Business, or a related field
    (or equivalent experience).
  • 3+ years of experience
    in mortgage servicing, escrow analysis, or a related financial role.
  • Strong knowledge of
    escrow regulations, mortgage servicing practices, and RESPA guidelines
    .
  • Proficiency in
    mortgage servicing software (e.g., MSP, Black Knight, FICS, or similar systems)
    .
  • Excellent
    analytical, problem-solving, and mathematical skills
    .
  • Strong attention to detail and the ability to handle large data sets.
  • Effective communication skills
    to interact with borrowers, lenders, and third-party vendors.
  • Ability to
    work independently and in a team-oriented environment
    .

Preferred Qualifications:

  • Experience with
    property tax and insurance
    processing within escrow accounts.
  • Knowledge of
    investor guidelines (FHA, VA, Fannie Mae, Freddie Mac)
    .
  • Background in
    loan servicing, default management, or foreclosure
    is a plus.

Working Conditions

  • This position is primarily office-based,
  • US shift hours, with flexibility required to meet deadlines or address urgent issues.

  • Escrow Analyst

    2 days ago

    Mysore, Karnataka, India ThoughtFocus Full time ₹ 3,00,000 - ₹ 4,50,000 per year

    Job Description: Escrow Payment & Mortgage Servicing Specialist Immediate onlyPosition: Escrow Payment & Mortgage Servicing SpecialistExperience: 1+ YearsLocation: [Mysore Location]Employment Type: [Full Time]Job Summary:We are seeking a skilled and detail-oriented professional with 1+ years of experience in escrow payment processing, mortgage servicing, and...

  • Escrow Assistant

    12 hours ago

    Mysore, India ThoughtFocus Full time

    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,...

  • Escrow Assistant

    2 days ago

    Mysore, India ThoughtFocus Full time

    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,...

  • Escrow Assistant

    3 days ago

    mysore, India ThoughtFocus Full time

    About companyThoughtFocus 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,...

  • Escrow Assistant

    2 days ago

    Mysore, India ThoughtFocus Full time

    About companyThoughtFocus 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,...

  • Escrow Assistant

    1 day ago

    Mysore, India ThoughtFocus Full time

    About companyThoughtFocus 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,...

  • Escrow Assistant

    17 hours ago

    mysore district, India ThoughtFocus Full time

    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,...

  • Escrow Assistant

    10 hours ago

    Mysore, India ThoughtFocus Full time

    About companyThoughtFocus 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,...

  • Escrow Assistant

    1 day ago

    Mysore, India ThoughtFocus Full time

    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...

  • Escrow Assistant

    1 day ago

    Mysore, India ThoughtFocus Full time

    About companyThoughtFocus 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,...