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Job Description
The Mortgage Insurance Specialist is responsible for the accurate and timely administration of mortgage insurance obligations, including FHA Mortgage Insurance Premiums (MIP), Private Mortgage Insurance (PMI), and USDA Guaranteed Annual Fees (GAF). This role ensures compliance with investor, insurer, and regulatory requirements by processing insurance payments, refunds, cancellations, and maintaining accurate mortgage insurance records.
The Specialist researches and resolves billing exceptions and discrepancies, processes borrower‑initiated and automatic requests to remove PMI, and communicates effectively with borrowers, insurers, and government agencies. The position requires strong attention to detail, sound judgment, and professional written and verbal communication to support compliant mortgage servicing and positive borrower experiences. The role also involves identifying and resolving discrepancies between internal systems and mortgage insurance carrier data through detailed reconciliation processes. Additionally, the specialist provides support to the Call Center, ensuring seamless communication and resolution of PMI-related issues.
- Ensures timely and accurate payments of Hazard, Private Mortgage Insurance (PMI), and Mortgage Insurance Premium (MIP) insurance.
- Facilitates the disbursement and maintenance of hazard insurance claims.
- Ensures all optional insurance premiums are remitted to carriers in a timely manner.
- Receives and responds to both internal and external customers via telephone or written correspondence in a timely and professional manner.
- Research assigned tasks in addition to exception items from various sources
- High school diploma or equivalent
- Four or more years of experience in business and general office environment
- Strong understanding of the business and perfected office skills
- Demonstrated administrative skills and acute attention to detail
- Strong reading, writing and mathematical skills
- Ability to manage multiple tasks/projects and deadlines simultaneously
- Ability to identify and resolve exceptions and to interpret data
- Proficient computer skills, especially Microsoft Office applications and graphics
- Well-developed verbal, grammatical, and written communication skills
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $20.00 - $24.38
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
