Analyze insurance coverage for commercial loans in accordance with Investor guidelines. Assist borrowers in acquiring appropriate coverage. Inform, and educate borrowers about coverage, exclusion, and exposure. Provide technical support to Production/Underwriting/Closing staff specifically in analyzing borrower needs against investor guidelines and risk to the company.
This role is 100% in office (Bloomington) to start with the ability to work 1 day from home after training, pays $60-75K + bonus and offers amazing benefits like 21 days of PTO, education assistance, discounts on travel, pet insurance, etc. WORK FOR ONE OF THE TOP CAPITAL MARKETS / COMMERCIAL REAL ESTATE FIRMS IN THE COUNTRY.
Primary Responsibilities:
Main point of contact on insurance questions, coverage requirements and investor guidelines.
Review Investor insurance guidelines and loan documents to establish baseline requirements.
Preform annual review of insurance certificates, policies, statement of values and invoices to determine compliance with Investor guidelines.
Process Insurance waivers/Exceptions with supporting documentation for non-compliant insurance issues.
Responsible for maintaining insurance data in the Enterprise servicing system and SalesForce as applicable.
Prepare and submit Lender reports as required from time to time.
Work with and assist the Servicing Insurance Front-End division as needed.
Perform general insurance tasks as necessary which include processing invoices and reimbursements to borrowers.
Education and Experience:
Bachelor's degree in a related field (Finance, Economics, Business Administration) or equivalent experience. Will consider 2023 college graduates with a GPA of 3.5 or higher!
Banking, mortgage, risk analysis, and/or insurance experience (internship or other) is highly preferred!
Must have atleast 1 to 3 years of experience to be considered at the mid to higher end of the salary range ($61K-75K)
All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.