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Escrow Account Manager Jobs in Michigan (NOW HIRING)

... escrow accounts, system upgrades and enhancements, and budgeting/accounting processes. Ensures that loan servicing operations and lending loan decisions are in accordance with established policies ...

Staff Accountant

Milford, MI · On-site

$16 - $18/hr

... and escrow/savings accounts, and completing bank deposits, transfers, and withdrawals. This ... Some property management experience is preferred but not required * Working knowledge of financial ...

Receptionist

Ann Arbor, MI · On-site

$15.50 - $20.25/hr

Manage appointments and coordinate scheduling. * Create a positive customer experience by offering ... Experience with Escrow and Title production software is a plus but not required. * Ability to work ...

Receptionist

Ann Arbor, MI · On-site

$15.50 - $20.25/hr

Manage appointments and coordinate scheduling. * Create a positive customer experience by offering ... Experience with Escrow and Title production software is a plus but not required. * Ability to work ...

Showing results 41-60

Escrow Account Manager information

What is an escrow account manager?

Escrow Account Managers are professionals responsible for overseeing and managing escrow accounts, which are third-party accounts used to hold funds during real estate transactions or other financial agreements. Their main duties include coordinating with buyers, sellers, lenders, and real estate agents to ensure all contractual obligations are met before funds are released. They handle documentation, compliance checks, and disbursement of funds, ensuring transactions are secure and transparent. Escrow Account Managers play a vital role in reducing risks for all parties involved in a transaction.

What are the key skills and qualifications needed to thrive as an escrow account manager?

To thrive as an Escrow Account Manager, you need a thorough understanding of escrow processes, real estate transactions, and financial regulations, often supported by experience in banking or real estate and a relevant degree. Familiarity with escrow management software, document management systems, and compliance platforms is typically required. Strong attention to detail, problem-solving abilities, and effective communication skills help build trust with clients and coordinate between multiple parties. These skills are essential for ensuring accuracy, regulatory compliance, and smooth transaction closures in a high-stakes environment.

What are some common challenges faced by escrow account managers, and how can they be addressed?

Escrow Account Managers often encounter challenges such as managing multiple transactions simultaneously, ensuring compliance with strict regulatory requirements, and maintaining clear communication between all parties involved. Balancing these responsibilities requires strong organizational skills and attention to detail. Proactively using workflow management tools, staying updated on industry regulations, and fostering transparent communication with clients, lenders, and agents can help address these challenges and ensure smooth transaction closures.

What is the difference between Escrow Account Manager vs Escrow Officer?

AspectEscrow Account ManagerEscrow Officer
CredentialsReal estate license, escrow certificationReal estate license, escrow certification
Work EnvironmentBanking, escrow companies, real estate firmsTitle companies, escrow firms, real estate agencies
ResponsibilitiesManaging escrow accounts, client communication, account reconciliationPreparing escrow documents, closing transactions, verifying funds

Both roles require similar credentials and work in related environments within the real estate and banking industries. The Escrow Account Manager focuses on managing escrow accounts and client relations, while the Escrow Officer handles transaction closings and document preparation. Understanding these distinctions helps clarify career paths and job expectations in the escrow industry.

What is escrow account management?

Escrow account management involves overseeing and maintaining escrow accounts, which are specialized accounts used to hold funds securely during transactions such as real estate deals. An escrow account manager ensures funds are collected, disbursed, and recorded accurately according to the terms of the agreement, often using escrow software and requiring attention to detail and compliance with regulations.

What are popular job titles related to Escrow Account Manager jobs in Michigan?

For Escrow Account Manager jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Escrow Account Manager jobs in Michigan look for?

The top searched job categories for Escrow Account Manager jobs in Michigan are:

What cities in Michigan are hiring for Escrow Account Manager jobs?

Cities in Michigan with the most Escrow Account Manager job openings:

Mortgage Servicing Data & Insights Specialist

United Wholesale Mortgage

Pontiac, MI • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.


United Wholesale Mortgage rating

7.8

Company rating: 7.8 out of 10

Based on 98 frontline employees who took The Breakroom Quiz

96th of 152 rated financial services


Job description

 

United Wholesale Mortgage is seeking a detail-oriented, analytical individual to join our team as an Investor Reporting Specialist. This individual will be responsible for the accurate and timely reporting of mortgage servicing activity to investors, including escrow, default and custodial account reporting. This role manages daily and monthly cash reconciliations, wire transfers, account balancing and investor remittances while ensuring compliance with investor guidelines, servicing agreements and internal controls. This role requires the ability to work with more complex accounting and data problems associated with Mortgage Servicing.

This position requires 100% on-site attendance at our Headquarters in Pontiac, MI.

WHAT WE NEED FROM YOU

Must Have Qualifications: 

  • Minimum 2-5 years of mortgage servicing experience with a strong understanding of escrow administration and investor reporting
  • Willingness to work in a fast-paced team environment
  • Good verbal and written communication skills with both external and internal customers of all levels
  • Ability to organize, prioritize and manage workload efficiently
  • Excellent analytical and problem-solving skills. Expert skills in Microsoft Office, Word, Access and Excel (pivot tables and macros a must)
WHAT YOU WILL BE DOING
  • Prepare and submit investor reports and remittances in accordance with investor, agency, and servicing agreement requirements, ensuring accuracy and timeliness.
  • Report escrow, default, loss mitigation, foreclosure, bankruptcy, and other servicing activities while researching and resolving reporting discrepancies and exceptions.
  • Initiate, review, and process investor and custodial account wire transfers, ensuring compliance with approval procedures and internal controls.
  • Monitor daily cash activity and perform reconciliations of custodial, escrow, clearing, and investor accounts, investigating and resolving variances and outstanding items.
  • Balance servicing system data to bank accounts and investor records, maintaining supporting documentation for audits and financial reporting.
  • Ensure compliance with investor guidelines and regulatory requirements, support internal and external audits, and identify opportunities to improve reporting accuracy, efficiency, and controls.
THE PLACE & THE PERKS

Ready to join thousands of talented team members who are making the dream of home ownership possible for more Americans? It's all happening on UWM's campus, where our award-winning workplace packs plenty of perks and amenities that keep the atmosphere buzzing with energy and excitement.

It's no wonder that out of our six pillars, People Are Our Greatest Asset is number one. It's at the very heart of how we treat each other, our clients and our community. Whether it's providing elite client service or continuously striving to improve, our pillars provide a pathway to a more successful personal and professional life.

From the team member that holds a door open to the one that helps guide your career, you'll feel the encouragement and support on day one. No matter your race, creed, gender, age, sexual orientation and ethnicity, you'll be welcomed here. Accepted here. And empowered to Be You Here.

More reasons you'll love working here include:

  • Paid Time Off (PTO) after just 30 days
  • Additional parental and maternity leave benefits after 12 months
  • Adoption reimbursement program
  • Paid volunteer hours
  • Paid training and career development
  • Medical, dental, vision and life insurance
  • 401k with employer match
  • Mortgage discount and area business discounts
  • Free membership to our large, state-of-the-art fitness center, including exercise classes such as yoga and Zumba, various sports leagues and a full-size basketball court
  • Wellness area, including an in-house primary-care physician's office, full-time massage therapist and hair salon
  • Gourmet cafeteria featuring homemade breakfast and lunch
  • Convenience store featuring healthy grab-and-go snacks
  • In-house Starbucks and Dunkin
  • Indoor/outdoor cafe with Wi-Fi
DISCLAIMERAll the above duties and responsibilities are essential job functions subject to reasonable accommodation and change. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. Team members may be required to perform other or different job-related duties as requested by their team lead, subject to reasonable accommodation. This document does not create an employment contract, implied or otherwise. Employment with UWM is "at-will." UWM is an Equal Opportunity Employer. By selecting "Apply for this job online" you provide consent to UWM to record phone call conversations between you and UWM to be used for quality control purposes.Employment Type: OTHER

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