Senior Manager, Recording, Disbursement, Escrow Funding and Accounting Operations
Altisource · United States · 1 mo ago
RemoteRemoteMarketing$90k/yrFull-time
Job Description
This role will be wholly responsible for the success of Premium Title and Trustee, the strategic growth plan, product line, and collaboration with operations.
Recording Operations
- Manage county recording operations for deeds, mortgages, releases, assignments, and related settlement documents.
- Ensure timely and accurate submission of recording packages in compliance with state and county requirements.
- Monitor recording exceptions, rejects, and curative actions to ensure prompt resolution.
- Establish controls and quality review processes to minimize recording defects and turnaround delays.
Disbursement & Escrow Funding
- Oversee daily escrow funding and disbursement activities for purchase, refinance, REO, and foreclosure transactions.
- Ensure all funding conditions are satisfied prior to release of funds.
- Supervise wire processing, check issuance, and settlement balancing activities.
- Maintain escrow balances and ensure proper segregation and safeguarding of client funds.
- Ensure compliance with underwriter guidelines, banking regulations, and escrow controls.
Escrow Accounting Operations
- Lead escrow accounting functions including reconciliation of trust accounts, escrow accounts, and operating accounts.
- Review and approve daily, weekly, and monthly reconciliations.
- Investigate and resolve reconciliation variances, stale-dated items, outstanding checks, and ledger discrepancies.
- Ensure compliance with ALTA Best Practices, state escrow accounting regulations, and internal financial controls.
- Collaborate with internal audit, compliance, and finance teams during audits and reviews.
Operational Leadership
- Manage and mentor teams across recording, funding, disbursement, and accounting functions.
- Establish performance metrics, service level agreements (SLAs), and productivity standards.
- Drive process improvements, automation initiatives, and operational efficiency programs.
- Develop and maintain standard operating procedures (SOPs), training materials, and control frameworks.
- Support client implementations, business transitions, and portfolio growth initiatives.
Risk & Compliance Management
- Ensure adherence to CFPB regulations, RESPA guidelines, escrow regulations, and company policies.
- Identify operational risks and implement mitigation strategies.
- Maintain strong internal controls related to escrow accounting, wire fraud prevention, and financial reporting.
- Escalate critical operational, financial, or compliance issues to senior leadership as appropriate.
Client & Stakeholder Management
- Serve as a key operational point of contact for clients, underwriters, lenders, attorneys, and vendors.
- Support client reviews, operational governance meetings, and service reporting activities.
- Partner with technology, compliance, and business leadership teams to enhance operational capabilities.
Qualifications
- Bachelor’s degree in Business Administration, Finance, Accounting, or related field preferred.
- 10+ years of experience in Title & Settlement operations, escrow accounting, or mortgage servicing operations.
- 3+ years of people leadership experience managing operational teams.
- Strong understanding of title closing processes, escrow funding, recording requirements, and trust accounting principles.
- Experience with title production and escrow platforms such as ResWare, Qualia, or equivalent systems preferred.
- Knowledge of ALTA Best Practices, CFPB regulations, RESPA, and state escrow accounting requirements.
- Strong analytical, reconciliation, and problem-solving skills.
- Proven ability to manage high-volume operations in a deadline-driven environment.
- Excellent communication, stakeholder management, and leadership skills.
Preferred Competencies
- Operational excellence and process optimization
- Financial controls and reconciliation management
- Risk management and regulatory compliance
- Team leadership and employee development
- Client relationship management
- Escrow accounting expertise
- Data analysis and reporting