Real Estate Tax Analyst

Real Estate Tax Analyst

VA or OH Office

Role Description Summary:

Serve as a liaison between the Asset Administration Team, NCB’s operating departments and customers regarding real estate tax and insurance escrow accounts. Also function as liaison between NCB and our tax service vendor to facilitate setup of all records for loans that we escrow and monitor for real estate taxes, as well as to maintain the setup and payment of the renewal insurance premiums for all insurance escrow loans.

Role Responsibilities:

Import weekly Tax Amount Reports (TARS) into Strategy and determine the tax bills to be paid within 24 hours of receipt. Disburse the TARs and reconcile the disbursement for Vice President to approve.

Import CoreLogic’s new loan inventory report service to ensure that the Contract Number, Agency Number and Suffix from incoming Inventory Report in Strategy to appropriate fields with 100% accuracy.

Review the mortgage on new loans for property address, tax parcel and legal description against the new loan tax record set up in Strategy to ensure correct tax or insurance vendor code, payment frequency, tax or insurance constant, and tax or insurance amount are correct per the tax and/or insurance setup documentation from closing.

Run and review all escrow analysis for all escrow loans in the month of April and August. As well as review and maintain Next Escrow Analysis Date for accuracy.

Review Tax and Insurance Research ORRMANs to respond with an answer to the borrowers’ questions.

Review McCracken New Loan/Payoff reports each month to determine which loans are refinanced, new originations, participation loans and HOA to determine which loans need to be set up in Strategy for tracking purposes.

Perform daily monitoring of tax delinquencies for non- escrow loans for the New York boroughs and update Strategy after obtaining proof of payment.

Assist with retrieving information requested by internal and external auditors.

Import all CoreLogic’s Tax Verification Reports (TPV) into Strategy and add tax delinquencies for non-escrow loans within 24 hours of receipt.

Enter and disburse all insurance renewal invoice bills in the Strategy Escrow Module and remit the payment via UPS. Submit the disbursement package with the UPS shipping receipt to the Records Department for imaging within 24 hours after the disbursement.

Submit all new loans to CoreLogic for set up within 25 days after the loan is boarded to Strategy servicing system.

Submit Customer Service tickets to CoreLogic to archive all tax records that were paid in full and not refinance by National Cooperative Bank, N.A. within 25 days after the payoff of the loan.

Generate the monthly Strategy Insurance Expiration Report on the 1stbusiness day of each month to include a date range of at least 30 days prior to the renewal premium date.

Submit report to Insurance Compliance to obtain renewal premium invoice.

Minimum Qualifications:

• Excellent organizational and analytical skills.
• Proficient written and verbal communication skills.
• Proven customer service skills.
• Ability to work independently but recognize when input is required.
• Proficient in Microsoft Word, Excel, and the Strategy loan servicing system. Proficient or acquire proficiency in specialized proprietary systems such as Back Shop, Strategy Web Portal and CoreLogic TaxQ system.

Education:

High school degree or GED required

1-3 years of experience servicing multifamily, residential or commercial real estate loans.

Work Environment:

Hybrid – Employees will work from both remote and onsite locations. Employees must live within a reasonable commuting distance of the office and are required to be onsite at least two (2) days per week, specifically on Tuesdays and Wednesdays. Certain positions or business needs may require additional in-office days.

General Notice:

This position description describes the general nature and level of work performed by the employee assigned to this position and should not be interpreted as all inclusive. It does not state or imply that these are the only duties and responsibilities assigned to the position. The employee may be required to perform other job-related duties. All requirements are subject to change and to possible modification to reasonably accommodate individuals with a disability.

This position description does not constitute an employment agreement between the Bank and employee and is subject to change by the employer as the needs of the Bank and requirements of the position change.

Salary Range $45,300 - $83,000

AA/EOE