Escrow Analysis Specialist

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Job description

Bayview Asset Management, LLC ("Bayview") is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset backed securities, mortgage servicing rights, and other credit-related assets.

With approximately 2,400 employees, our corporate headquarters is uniquely situated in the beautiful community of Coral Gables, Florida, located near the shores of Biscayne Bay and minutes from Miami Beach. The firm has additional asset management offices in New York, London, and Geneva, and loan servicing and origination affiliates in seven U.S. states and Milan, Italy.

As of June 30, 2021, Bayview managed approximately $14.9 billion in assets under management. Our experienced senior management team is comprised of 18 Managing Director-level professionals with an average of 13 years at Bayview and affiliates, and 26 years of industry experience.

The Escrow Administration Department is responsible for timely and accurate tracking of insurance policies and payment of insurance premiums. The escrow analysis function is accountable for analyzing the borrower's escrow account at least once a year. The analysis is necessary to ensure that the borrower's current monthly escrow payment is sufficient to provide the funds necessary to pay the escrowed items on their various due dates throughout the year. The Escrow Analysis Specialist is responsible for generating escrow analyses on complex escrow accounts in compliance with applicable regulations and BLS company policies and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES: Responsibilities include, but are not limited to, the following:

• Performs individual modification escrow analyses;
• Reviews assigned escrow reports including, but not limited to:
• EAP Advance Report o EAP Zero Escrow Balance with Escrow Payment Report o Bankruptcy Annual Analysis/Advance/Exceptions Report
• Loans with Negative Escrow Balances and Escrow Payments (No Analysis) Report
• Newly Added Loans o Surplus Analysis
• Collects data on escrow portions for loan modification workouts; supplies data to Loss Mitigation and Modifications groups;
• Coordinates efforts with insurance and tax processors to ensure accurate and timely escrow analyses;
• Conducts data to document reviews for: insurance verifications, commercial and residential insurance documentation, property appraisal and subsequent inspections;
• Researches and responds to incoming internal and external audit requests and inquiries;
• Increases others' skills or knowledge through capable instruction and training;
• Completes miscellaneous duties and project tasks as assigned by senior management; and
• Reviews exception reports and ensures exceptions are cleared timely as needed;

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.

EEOC

Bayview Asset Management is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.