Servicing Portfolio and Escrow Specialist

Servicing Portfolio and Escrow Specialist Organization:

Impact Development Fund (IDF) is a community-based nonprofit 501c3 organization with a mission to create economic opportunity by delivering flexible capital to strengthen under-served Colorado communities. IDF’s primary focus is providing direct capital to support affordable housing development and preservation, non-profit community facilities, and energy efficiency upgrades to commercial real estate projects. IDF is certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI) and embodies the concept of public-private partnership through its investor network that includes banks, foundations, private interests, local and federal government.

Responsibilities:

Loan Accounts Receivable and Maintenance:

• Retrieve, deposit, and book loan payments within servicing and reporting platforms.
• Prepare daily Borrower Payment Register Packages checking for accuracy with the bank.
• Set up ACH transfers and/or periodic issuance of payment invoices according to loan terms.
• Conduct necessary intercompany transfers for loan origination and fees.
• Establish and maintain lender profiles within IDF’s servicing software and reporting platforms.
• Maintain escrow accounts and payments of insurance, property taxes and HOA.
• Ensure all borrower communication is logged into the servicing platform.
• Perform reconciliation of escrow accounts as dictated by individual program requirements.

Reporting and Audit:

• Monthly, quarterly, yearly reconciliation of borrower, lender, and portfolio accounts.
• Monthly and quarterly reporting to lenders and credit reporting agencies.
• Prepare and reconcile reports from software platforms to ensure accurate and complete information.
• Prepare supporting information and assist in completing all required external reporting and investor reports.
• Provide necessary reports for reconciliation of accounting, banking, and portfolio activity.

General:

Work as “One Team” and provide backup support as needed to other area of the organization. Represent IDF in the community including building strong working relationships with community partners including other CDFIs, non-profits, CHFA, and municipalities. All employees are responsible for customer and client inquiry routing (phone, emails, mail, deliveries, etc.).

The duties and responsibilities described herein are not a comprehensive list and additional tasks may be assigned necessitated by business demands. The Servicing Portfolio and Escrow Specialist will report directly to the Loan Portfolio Servicing Manager.

Impact Development Fund (IDF) is an Equal Opportunity Employer. IDF does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

Job Type: Full-time

Pay: $60,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Ability to Relocate:

• Loveland, CO 80537: Relocate before starting work (Required)

Work Location: In person