Collateral Specialist Sr-Escrow Processing
Wintrust Financial Corporation, Rosemont, Illinois, United States
Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non‑bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship‑focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”
Why join us?
An award‑winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and discretionary or incentive bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401(k) plan with a generous company match and tuition reimbursement to name a few.
Family‑friendly work hours
With 175+ community bank locations, we offer opportunities to grow and develop in your career.
Promote from within culture.
Why join this team?
We have a culture that encourages an entrepreneurial spirit.
We offer multiple opportunities for development and upward mobility.
What You’ll Do The Senior Escrow Specialist is responsible for the payment and balancing of taxes and hazard/flood insurance premiums. Additionally, this employee will analyze results and process final annual escrow analysis, escrow account cancellations, loan system maintenance related to escrow records and research borrower escrow inquiries.
Process tax and insurance payments utilizing various county websites including those that utilize tape processing. This process requires the review of payments due from county reports/websites and escrow balance review to ensure enough funds are available for payment. Communication with lenders and Senior Lending personnel is key to clear any shortages prior to completing the payment process.
Balancing of county reports to bank reports, disburse funds and once in balance, tax payments are processed. Payments are paid via county websites or checks requested from Finance. This individual will also process general ledger entries, balance Loan Control Reconciliation and Deposit Account statements as utilized for processing. This individual will request outgoing wire transfers to the counties as required. Escrow totals must be in balance and all data accurate prior to paying taxes and this individual is key to ensuring same.
Processing of annual escrow analysis including analysis refunds. Orders test analysis. Reviews test escrow statements for any further research or error correction which is then completed by this individual. Research accounts that have failed analysis and make corrections as needed. Determine when test results are acceptable and run final escrow analysis and send out Borrower statements when required.
Review regularly scheduled escrow reports as required with Manager. Complete any system maintenance required based on report review.
Complete Escrow Maintenance Requests or Escrow Research Requests for the lending staff as assigned by Manager. This individual must have the knowledge and ability to explain all escrow functions to the Lending staff to satisfy customer questions.
Special projects or other tasks assigned by Manager from time to time.
Qualifications
Minimum of 5‑7 years of experience in a loan operations or title company environment with background in managing escrow processes.
Familiarity with escrow processing is required.
Highly organized and ability to complete a high volume of tasks within assigned service levels.
Strong written and oral communication skills, organization skills and attention to detail.
Background with commercial lending and documentation concepts are a plus.
Experience with IBS and / or ACBS lending systems a plus.
Benefits Medical Insurance
Dental
Vision
Life insurance
Accidental death and dismemberment
Short‑term and long‑term Disability Insurance
Parental Leave
Employee Assistance Program (EAP)
Traditional and Roth 401(k) with company match
Flexible Spending Account (FSA)
Employee Stock Purchase Plan at 5% discount
Critical Illness Insurance
Accident Insurance
Transportation and Commuting Benefits
Banking Benefits
Pet Insurance
Compensation The estimated salary range for this role is $55,000 - $65,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.
Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
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Why join us?
An award‑winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and discretionary or incentive bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401(k) plan with a generous company match and tuition reimbursement to name a few.
Family‑friendly work hours
With 175+ community bank locations, we offer opportunities to grow and develop in your career.
Promote from within culture.
Why join this team?
We have a culture that encourages an entrepreneurial spirit.
We offer multiple opportunities for development and upward mobility.
What You’ll Do The Senior Escrow Specialist is responsible for the payment and balancing of taxes and hazard/flood insurance premiums. Additionally, this employee will analyze results and process final annual escrow analysis, escrow account cancellations, loan system maintenance related to escrow records and research borrower escrow inquiries.
Process tax and insurance payments utilizing various county websites including those that utilize tape processing. This process requires the review of payments due from county reports/websites and escrow balance review to ensure enough funds are available for payment. Communication with lenders and Senior Lending personnel is key to clear any shortages prior to completing the payment process.
Balancing of county reports to bank reports, disburse funds and once in balance, tax payments are processed. Payments are paid via county websites or checks requested from Finance. This individual will also process general ledger entries, balance Loan Control Reconciliation and Deposit Account statements as utilized for processing. This individual will request outgoing wire transfers to the counties as required. Escrow totals must be in balance and all data accurate prior to paying taxes and this individual is key to ensuring same.
Processing of annual escrow analysis including analysis refunds. Orders test analysis. Reviews test escrow statements for any further research or error correction which is then completed by this individual. Research accounts that have failed analysis and make corrections as needed. Determine when test results are acceptable and run final escrow analysis and send out Borrower statements when required.
Review regularly scheduled escrow reports as required with Manager. Complete any system maintenance required based on report review.
Complete Escrow Maintenance Requests or Escrow Research Requests for the lending staff as assigned by Manager. This individual must have the knowledge and ability to explain all escrow functions to the Lending staff to satisfy customer questions.
Special projects or other tasks assigned by Manager from time to time.
Qualifications
Minimum of 5‑7 years of experience in a loan operations or title company environment with background in managing escrow processes.
Familiarity with escrow processing is required.
Highly organized and ability to complete a high volume of tasks within assigned service levels.
Strong written and oral communication skills, organization skills and attention to detail.
Background with commercial lending and documentation concepts are a plus.
Experience with IBS and / or ACBS lending systems a plus.
Benefits Medical Insurance
Dental
Vision
Life insurance
Accidental death and dismemberment
Short‑term and long‑term Disability Insurance
Parental Leave
Employee Assistance Program (EAP)
Traditional and Roth 401(k) with company match
Flexible Spending Account (FSA)
Employee Stock Purchase Plan at 5% discount
Critical Illness Insurance
Accident Insurance
Transportation and Commuting Benefits
Banking Benefits
Pet Insurance
Compensation The estimated salary range for this role is $55,000 - $65,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.
Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
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