Responsible for the management of all core responsibilities related to escrow operations. The functional responsibility includes: ensuring proper insurance coverage including monitoring of expirations, deficiencies and reviews. Real Estate tax processing and UCC filings, continuations and modifications.
**Use knowledge and understanding of underwriting and servicing of all commercial real estate property types to make risk decisions
**Ability to review binders, certificates, account summaries, premium details, endorsements, and policies.
ESSENTIAL DUTIES AND RESPONSIBILITES
Monitor insurance expirations, reviews and deficiency follow-up. Develop and monitor appropriate exception and status reports and follow-up to ensure Investor and loan level deadlines are met. Communicate with investors regarding problem issues.
Reviews and ensures status reports for property tax payments to ensure taxes are paid timely, accurately and prior to any economic loss date to avoid penalties.
Reviews UCC documentation and reports for new filings, continuance and modification requirement compliance and oversight.
Manages E&O (Errors and Omissions) corporate insurance programs.
Develops, maintains, updates, and communicates departmental procedures to ensure all activities are completed timely and accurately.
Business owner of proprietary applications; responsible for testing, implementing, business case logic, etc.
Manages applicable vendor relationships. Ensures service legal agreements are met and approves payments. Participates with legal on resolution of contractual issues and negotiations.
Reviews and approves appropriate escrow disbursement check and wire requests.
Manage off shore team to ensure completion of assigned properties in accordance with standard operating procedures.
Other duties as assigned.
Provides formal supervision to individual employees within single functional or operational area. Recommends staff recruitment, selection, promotion, advancement, corrective action and termination. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company's values.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's degree in Accounting, Finance, other business related curriculum from a four-year college or university required. Minimum of 5 years related experience with mortgage loan servicing in: loan operations, mortgage closings or other related areas of mortgage servicing. Experience in managing supervising or leading a team.
CERTIFICATES and/or LICENSES
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information. Ability to respond effectively to sensitive issues.
Requires advanced knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and commissions. Conducts advanced financial analysis.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires advanced analytical and quantitative skills.
OTHER SKILLS and ABILITIES
Proficient in Microsoft Office Suite Products including: Word, Excel, PowerPoint and Outlook. Must have the ability to work on computer database. Working knowledge of the McCracken Strategy loan servicing software is preferred. Experience in utilizing query tools and/or understanding general concepts in SQL queries. Must be able to read and comprehend loan document verbiage related to financial terms, loan triggers and covenants as well as understand the general loan closing process with standard servicing requirements.
SCOPE OF RESPONSIBILITY
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
Internal Number: 20019260
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.