PMI Specialist
Share
Job Location:
Pontiac, MI - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
The PMI Specialist a member of mortgage servicing escrow team and is responsible for the accurate and timely administration of Private Mortgage Insurance (PMI) on residential mortgage loans. This includes monitoring loans for PMI requirements ensuring timely cancellation or termination of PMI in compliance with investor and regulatory guidelines and maintaining proper documentation. The role requires excellent attention to detail knowledge of mortgage servicing practices and the ability to work cross-functionally with other departments and external stakeholders.
WHAT YOU WILL BE DOING
Monitor loan portfolios for PMI eligibility activation and cancellation in accordance with federal regulations (Homeowners Protection Act of 1998) and investor guidelines (Fannie Mae Freddie Mac FHA etc.)
Process PMI cancellation or termination requests from borrowers and ensure compliance with internal policies and regulatory requirements
Review evaluations and appraisals to verify property value and ensure accurate PMI requirements
Perform monthly PMI audits and reconciliations correcting discrepancies and ensuring accurate reporting
Coordinate with PMI providers to obtain certificates update insurance coverage and resolve payment or coverage issues
Maintain accurate PMI data in servicing systems including LTV calculations property values and insurance premium payments
Respond to internal and external inquiries related to PMI in a timely and professional manner
Assist in developing and maintaining procedures and training materials related to PMI functions
Generate PMI-related reports for management and regulatory review.
Stay up to date with changes in PMI laws investor requirements and servicing best practices
WHAT WE NEED FROM YOU
Must-Have Qualifications:
1 years of experience in mortgage servicing
Knowledge of mortgage servicing systems (e.g. MSP Black Knight etc.)
Familiarity with federal regulations and investor guidelines
Strong analytical skills and attention to detail
Excellent communication and customer service skills
Proficient in Microsoft Office particularly Excel and Word
High school diploma or equivalent
Nice To Have Qualifications:
Associates or Bachelors degree in finance accounting or related field
Direct experience in PMI management and experience working with PMI vendors or insurers
Knowledge of escrow analysis and mortgage insurance disbursements
THE PLACE & THE PERKS
Ready to join thousands of talented team members who are making the dream of home ownership possible for more Americans Its all happening on UWMs campus where our award-winning workplace packs plenty of perks and amenities that keep the atmosphere buzzing with energy and excitement.
Its no wonder that out of our six pillars People Are Our Greatest Asset is number one. Its at the very heart of how we treat each other our clients and our community. Whether its providing elite client service or continuously striving to improve our pillars provide a pathway to a more successful personal and professional life.
From the team member that holds a door open to the one that helps guide your career youll feel the encouragement and support on day one. No matter your race creed gender age sexual orientation and ethnicity youll be welcomed here. Accepted here. And empowered to Be You Here.
More reasons youll love working here include:
- Paid Time Off (PTO) after just 30 days
- Additional parental and maternity leave benefits after 12 months
- Adoption reimbursement program
- Paid volunteer hours
- Paid training and career development
- Medical dental vision and life insurance
- 401k with employer match
- Mortgage discount and area business discounts
- Free membership to our large state-of-the-art fitness center including exercise classes such as yoga and Zumba various sports leagues and a full-size basketball court
- Wellness area including an in-house primary-care physicians office full-time massage therapist and hair salon
- Gourmet cafeteria featuring homemade breakfast and lunch
- Convenience store featuring healthy grab-and-go snacks
- In-house Starbucks and Dunkin
- Indoor/outdoor café with Wi-Fi
DISCLAIMER
Required Experience:
IC
Key Skills
- Sales Experience
- Crane
- Customer Service
- Communication skills
- Heavy Equipment Operation
- Microsoft Word
- Case Management
- OSHA
- Team Management
- Catheterization
- Microsoft Outlook Calendar
- EHS
About Company
United Wholesale Mortgage partners with independent mortgage brokers to help them provide unparalleled client experience, best-in-class turn times, and competitive rates
