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Posted 6h ago

Loss Draft Processor I (Onsite)

@ Dovenmuehle Mortgage
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Lake Zurich, Illinois, United States
$21-$22/hrHybridFull Time
Responsibilities:processing checks, handling mail, monitoring escrow
Requirements Summary:High school diploma, good verbal and organizational skills, PC skills; ability to work independently, make decisions within client guidelines, and complete annual regulatory compliance testing. Loss draft/insurance or data entry experience preferred.
Technical Tools Mentioned:Loss Draft Application, Computer, Calculator, Copy Machine, Computer Printer, Phone
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Job Description

Loss Draft Processor I

Full time; Non-Exempt; 37.5 hours/week; overtime as required.

Location; Lake Zurich, IL, US

Department: Escrow-Insurance

Dovenmuehle Mortgage, Inc. (“Dovenmuehle”) is the leading mortgage subservicing firm in the United States with several hundred financial institution clients nationwide.

 

General Description:


Monitor properties with insurance claims for mortgagors and mortgage disposition department. Monitor funds in restricted escrow.


Essential Functions and Duties:

  • Sort daily mail received.
  • Sort checks received.
  • Prepare checks to be mailed.
  • Check in loss draft documents and checks received.
  • Send overnight checks for Insurance Department
  • Mail out Loss Draft checks with letters
  • Review the “open tasks” monthly and send letters. 
  • Needs to make decisions within the client guidelines accurately, efficiently, and very professionally.
  • To work 95% of the time without assistance from supervisor
  • Successfully complete the annual regulatory compliance testing.
  • Perform other related duties as assigned.

Department Specific/Additional Duties: 

  • Work with our Loss Draft Application and other systems.

Required Qualifications: 

  • Good verbal communication skills; organizational skills
  • High School Diploma

Preferred/Other Qualifications:

  • Loss draft, insurance, some data entry processing
  • PC Skill

Benefits

  • Medical, Dental, Vision, Wellness, Flexible Spending Account, Employee Assistance Program and more.
  • Employer paid Life Insurance, Short Term Disability, and Long-Term Disability.
  • 401 (K) Plan with company match
  • Paid Vacation, Sick, Personal and Holidays

 

Physical Demands and Work Environment:

 

The employee must be comfortable in either an on-site office setting, or a quiet, designated work from home space that is free from distractions and noise. The employee is regularly required to communicate (give/receive) information through multiple methods of communication with clear understanding from others. Must be able to exchange accurate information in these situations. 


The employee must be able to remain in a stationary position and/or move about the organization or remote office. The employee is frequently required to stand or walk (or otherwise move through the organization); sit; use hands to type, write, handle, or feel and reach. May occasionally climb or balance; stoop, kneel, or crouch; or lift and/or move up to 25 lbs. Employees may be required to type and utilize a computer for long periods of time.


The employee may be required to frequently operate a standard variety of office equipment including computers, calculators, copy machines, computer printers and phones. The noise level, if working on-site, is usually moderate and typical of an office environment. 


In accordance with applicable disability laws, Dovenmuehle works with applicants and employees to make reasonable accommodations to the job or work environment when doing so will enable an employee with a qualified disability to satisfactorily perform the essential functions of the job.