Insurance Specialist

Ocwen Financial Corporation is a multi-billion dollar, financial services holding company engaged in a variety of businesses related to mortgage servicing, real estate asset management, asset recovery and technology. Ocwen is dedicated to becoming a global leader in providing asset management services and advanced technology solutions to selected financial markets.

The position reports directly to the Supervisor of Insurance and will be solely responsible for the following.

• Ensure that all mortgage loans, secured by real property, have current and adequate hazard and flood insurance coverage.
• Review daily incoming insurance mail and update the servicing system accordingly.
• Perform insurance research on escalated loan level issues/concerns received.
• Batching of insurance premium invoices for weekly disbursements on escrow loans to ensure continued coverage.
• Add force place coverage where renewal information is not received and deletions where information has been received.
• Review cancellation notices, with proper follow-up with the borrower to ensure no lapse in coverage.
• Review departmental control reporting to ensure compliance with internal and external guidelines.
• Perform variety of basic insurance clerical duties by following instructions and procedures.

Key Result Areas:

• Complete research items within 48 hours of receipt.
• Process and release insurance premiums timely per applicable guidelines.
• Review and remediate all control reporting data anomalies within managements prescribed timelines.
• Reconcile and remit all applicable invoices related to insurance vendors within applicable timelines.

Qualifications:

This position requires the candidate to be very detailed orientated as well as have the ability to multi task in a fast paced environment. Excellent research, comprehension, interpersonal and verbal/written communication skills and a strong attention to detail are a must. A strong understanding of hazard/flood insurance and mortgage industry experience is a plus. The candidate also must be proficient in Microsoft Applications to include Word, Excel, Outlook and Power Point. An Associated Degree or some college course work completed is required.