This is an IMMEDIATE HIRE. New graduates are welcome to apply.

WHY ESSEX?

Hello potential candidates! The world has changed and so have we. At our core, we believe a job isn’t about the employer and making money. It is about the unity of our team, life/work balance, and continuous learning. We will give you the resources and training to thrive.

We are agile. We work hard. We provide value. We lead by example. We treat people as humans. These principles drive Essex’s success and our clients’ success. Our approach leads to growth and opportunity.

We know that everyone has a unique and beautiful story. We want to hear yours. We believe in making the world a better place. Let’s do it, together.

Who We Are (The technical answer)

Essex Financial Services is a privately owned commercial real estate loan servicing and asset management company. We specialize in specializing in life insurance company, private lenders, and other third-party clients.

Website: www.essexfs.com

POSITION:

Job Title: Servicing Specialist (Commercial Real Estate Loan Servicing)

Job Type: Full-time

Pay: $55,000.00 - $65,000.00 per year

Benefits:

• Comprehensive Medical, Dental and Vision
• Company Paid Life, AD&D and Disability Insurance
• Generous Company Matched 401(k) Retirement Savings Program
• Annual Discretionary Bonus
• Paid Holidays
• Paid Time off, earned from the first day of employment
• Flexible Work Schedule including the ability to work, partially, from home
• Monthly Parking Allowance

Work from Home:

New employees are expected to be in the office for the first 90-day period. We believe that during this initial period the new employee will develop sustainable relationships with other team members and more quickly reach a level of comfortability. After the first 90-day period, employees may choose to work from home two days per week.

PURPOSE OF THE POSITION:

The Servicing Specialist is responsible for monitoring of real estate taxes, insurance coverage, and UCC’s for assigned investors and / or servicing partners. This includes payment of taxes and insurance premiums for escrowed loans, monitoring of non-escrowed loans, research on issues regarding taxes and insurance, and maintenance of servicing system loan information. Other functions performed by the Servicing Specialist include boarding of newly originated loans and/or servicing transfers to the servicing system and quality control of newly boarded loans in the servicing system.

ACCOUNTABILITIES (the nitty gritty):

Insurance

• Review insurance certificates and policies to confirm investor and loan requirements are met.
• Work closely with insurance agents and/or insurance companies to request bills, endorsements, and open policy items.
• Take all reasonable steps necessary to obtain compliant insurance policies/certificates.
• Maintain and update insurance escrow information to ensure prompt and accurate disbursement of insurance premiums.
• Escrowed - Disburse monies for insurance premiums in a timely and accurate manner.
• Non-Escrowed - Obtain proof of payment from borrower and agent.
• Complete investor insurance certifications

Taxes

• Monitor status of taxes through use of servicing system reports.
• Maintain and update tax escrow information to ensure prompt and accurate disbursement of tax payments by running “Tax Payment Pending Reports.”
• Escrowed - Disburse monies for taxes in a timely and accurate manner.
• Non-Escrowed - Obtain proof of payment from borrower and taxing authorities.
• Assist in responding to inquiries from borrowers and investors involving tax issues.

UCC

• Continuations
• Use servicing system-generated reports to monitor filing dates.
• File UCC Continuations in accordance with investor and UCC authority requirements.
• Terminations
• Use servicing system-generated reports to identify paid-off loans.
• Prepare documentation packages and forward to applicable UCC authorities for recordation.
• Perform searches, if necessary.
• Update servicing system and tracking reports throughout process.

Data Integrity

• Save all necessary documentation in the appropriate storage area
• Follow naming conventions and folder structuring.
• Update, monitor, and correct data integrity issues to ensure ongoing accuracy.

Audit / Compliance

• Process audit requests as requested.

Other

• Organize and work on special projects as assigned, including project plan documentation, and updates to management.

Decision Making

• Review and interpret the terms and conditions of the loan documents and servicing agreements to ensure compliance with covenants.
• Some situations will require evaluation and decision making to address and resolve loan-level issues that arise in the performance of day-to-day servicing functions.

REQUIRED QUALIFICATIONS: (Education, Experience, and Skills)

• Minimum education required: Associate degree
• Preferred education: Bachelor's degree in business and/or a combination of college education and experience
• Excellent verbal and written communication skills
• Knowledge of Microsoft Office Suite
• Excellent organization, time-management, and prioritization skills
• Ability to work independently and as part of a team
• Ability to adapt to a rapidly changing environment
• Strong attention to detail, deadlines, accuracy, and consistency
• Ability to maintain sensitive and confidential information
• Familiarity with commercial real estate loan terminology, documents, and servicing agreements is a plus

COVID-19 CONSIDERATIONS:

• We adhere to federal and local guidelines to ensure the safety of our employees.

Job Type: Full-time

Pay: $55,000.00 - $65,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday
• Overtime

Supplemental pay types:

• Bonus pay

Work Location: Hybrid remote in Denver, CO 80202

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