Escrow Analyst at Starwood Property Trust
Starwood Property Trust · Miami Beach, United States Of America · Onsite
- Professional
- Office in Miami Beach
Job Duties and Responsibilities:
· Set-up real estate tax details in the servicing module based on information from Master or Sub-servicer.
· Populate real estate tax payments as reported by Master or Sub-Servicers in servicing module for approval process.
· For non-escrowed loans, monitor real estate tax payments and notify Asset Manager of any delinquencies.
· Ensure adequate insurance coverage for all assigned loans is in place.
· Communicate insurance deficiencies and recommendations to Asset Managers.
· Post annual and monthly insurance premiums for escrowed loans and process with Master Servicers for payment.
· Order flood determinations and save in LPAMS.
· Manage and administer assigned cash managed loans. Process monthly waterfalls with Asset Managers and Master Servicers and/or individual funding requests to Borrowers or Receivers.
· Coordinate with Master Servicers, Borrowers and Asset Manager to implement cash management by opening DACA and CMA accounts.
Knowledge and Skills:
· Strong verbal and written communication skills, ability to prioritize, multitask and maintain attention to detail.
· Familiarity with commercial loans and ability to interpret related legal documents.
· Proficiency in Microsoft Excel and Word
· Ability to work independently as well as collaboratively in a team environment.
Education and Experience:
· College degree preferred but not required.
· One year of related work experience in a loan servicing or commercial real estate, or financial services.
· Work experience preferred, but not required
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