Funding Specialist (OH, Ironton)

Essential Duties and Responsibilities:

• Post all incoming wires to correct file in production software, making sure the amount matches the amount received in the bank account.
• Pre-settlement review of file to verify:
  • File is in balance (amount coming in = amount going out)
  • All requirements have a corresponding disbursement on settlement statement or there is a release in file for any lien not being paid.
  • Make note of any obvious, missing company fees on Missing Fees Report and out of balance files ? repetitive patterns should be brought to the attention of the COO and/or President.
• Verification prior to cutting checks at the branch:
  • Review amounts on pending disbursements match executed settlement statement or CD (seller proceeds, payoffs, etc.)
  • Any checks brought to closing are for the correct amount and deposited at bank.
  • Make sure seller proceeds being wired to, or check made payable to, party on the settlement statement.
  • Make sure file is in balance (money in = money out)
• Initiate and release (dual control) all outgoing wires.
• Monitor high risk disbursements to make sure they clear the bank in a timely manner (i.e. payoffs, taxes, hazard insurance, etc.)
• Coordinate with Processing for preparation of Invoices for Doc Prep, Title Only, etc. files and prepare the invoice.
• Report any overdue (30 days) unpaid invoices to COO and/or President.
• Run 1099 exception report, monthly, and send to EOs for them to resolve their files.
• Clear/Resolve exceptions raised by daily reconciliation.
• Review Monthly 3-way reconciliation for current escrow accounts.
• Reconcile dormant escrow accounts.
• Unclaimed property (escheat) filings, annually, per jurisdiction
• File 1099s, annually
• Annual OH Department of Insurance Review
• Underwriter audits (November ? February)
• Maintain Estate Escrow IBAs
• Maintain approved closing agent status with Lenders and Third-Party verification companies.
• Positive pay uploads, activity downloads for non-BankUnited trust accounts.

Attorney-managed agency providing real estate title and closing services.