Mortgage Insurance Administrator

About the role

The Mortgage Insurance Administrator is responsible for obtaining and safeguarding all insurance information for all new and existing loans and ensuring the necessary insurance coverage is in force.

• Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”.
• Create, review, and revise policies and procedures of the day-to-day operations of the Bank’s insurance management program.
• Reviews and monitors the insurance tracking process, and regularly explores options for more tracking with Van Wagenen (VW) Insurance Services or other vendors as needed.
• Assists clients who have received letters from VW for insurance deficiencies.
• Reviews collateral, flood, and escrow records for accuracy and payment of insurance, and uploads insurance renewals.
• Reviews insurance disbursements for Hazard, Flood, and PMI (Private Mortgage Insurance).
• Reviews reports for Default of Insurance, Low Value policies, and policies with mortgagee clause deficiency.
• Submits monthly FP Hazard premiums and charge loan accounts, and PMI remittance to United Guaranty Insurance and Mortgage Guaranty Insurance Corporation.
• Reviews insurance cancellation notices and all new Certificates of Property Insurance with Loan Officers to ensure all requirements have been met and coverage is sufficient.
• Adds addresses insurance policies still in the name of UCNB, and inquiries by Administrators and Loan Officers for copies of current insurance policies.

Requirements

• Knowledge of lending and mortgage insurance.
• Knowledge of Hazard, Flood, Escrow, and Collateral.
• Knowledge of relevant Federal and State banking regulations.
• Excellent communication and interpersonal skills.
• Analytical skills to conduct evaluation of documents of varying complexity.

Bonus Points For

• Strong “People First” interest and ability.

Qualifications

• High school diploma or equivalent.
• Minimum of 2 years of related experience in a financial institution or similar field.
• Experience with insurance administration and compliance.
• Proficiency in Microsoft Office Suite.

Skills

• Strong organizational and attention to detail skills.
• Ability to manage multiple tasks simultaneously.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team.

Benefits

• World class health, vision, and dental benefits on day one
• 401k with employer match
• Hybrid work from home (depending on role)
• Employee appreciation events (team building, softball games, food truck days, etc..)
• Employee assistance programs (EAP)
• Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
• Tuition reimbursement
• Employee Discount perks
• CNOB Community Service Events