Truist Financial

Escrow Manager

Truist Financial • $70K — $100K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of mortgage servicing or loan operations experience required
  • 5+ years of leadership experience essential
  • Expertise in mortgage servicing systems (e.g., MSP), and investor guidelines needed
  • Advanced understanding of regulatory and compliance frameworks required
  • Strong knowledge of mortgage servicing regulations including Rex X and NFIP

Responsibilities

  • Lead and develop an Escrow team on complex services
  • Coach for accuracy, accountability, and efficiency
  • Address performance issues aligned with compliance goals
  • Establish a proactive and forward-thinking team culture
  • Manage day-to-day operations ensuring timely, accurate work
  • Set clear priorities and distribute workloads for efficiency
  • Monitor performance metrics and identify trends to drive improvements

Benefits

  • Medical, dental, vision, and life insurance
  • Disability and accidental death insurance
  • Tax-preferred savings accounts and a 401(k) plan
  • Generous vacation and sick leave policy
  • Eligible for defined benefit pension plan and stock options
Full Job Description

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for providing leadership, oversight, and strategic direction for the Escrow team, ensuring effective management of specialized servicing activities, regulatory compliance, and operational risk mitigation and serves as a key liaison across departments to support seamless execution of Escrow processes.

The Manager of Escrow is responsible for leading a team that manages complex, high-risk mortgage servicing activities within a highly regulated environment. This role oversees end-to-end operations for escrow functions of Tax, Insurance or Escrow Analysis production and compliance. The role also overseas large complex vendor relationships including payment of clients escrowed items for taxes and insurance and monitoring of properties requiring flood insurance as well as investor-driven transactions.

Must be eligible to manage or perform loan origination or servicing functions under Mortgage Investor or government agency guideline requirements

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time. 


Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time.  
List the major responsibilities generally associated with the role (5-7 major responsibilities with no more than 10) that an incumbent in this job is expected to accomplish.  Please use numbers to separate each distinct responsibility.  
1. Lead, coach, and develop a team of Escrow specialists overseeing complex service functions.
o    Property Tax Operations and vendor Management
o    Property Insurance Operations and vendor Management 
o    Optional Insurance
o    Flood zone property tracking
o    Escrow Analysis processing
o    Interest on Escrow
2.    Provide ongoing coaching and feedback to provide accuracy, accountability, and efficiency.
3.    Address performance gaps and reinforce expectations aligned with compliance and operational goals
4.    Lead efforts to build a forward-thinking team environment, where employees anticipate risks, understand downstream impacts, and make informed, compliant decisions
5.    Direct and manage day-to-day operations to ensure work is completed accurately, timely, and in alignment with established service level expectations.
6.    Establish clear priorities and ensure effective workload distribution to support productivity, efficiency, and balanced capacity across the team.
7.    Monitor and analyze performance trends, including turn times, backlog, and completion rates, to proactively address gaps and ensure consistent execution.
8.    Reinforce strong time management practices, ensuring team members are effectively prioritizing tasks and meeting deadlines in a high-volume environment.
9.    Drive accountability across the team by setting clear expectations and consistently monitoring follow-through and ownership of assigned responsibilities including teams at multiple sites, off-shore and vendor teammates.
10.    Identify opportunities to improve workflow efficiency, reduce rework, and streamline processes while maintaining compliance standards Monitor performance metrics, productivity, and quality results to ensure adherence to standards.
11.    Ensure full compliance with all servicing SLAs, regulatory requirements, investor guidelines and internal policies governing escrow operations.
12.    Lead business unit through audit engagements by collaborating with internal partners to demonstrate process expertise, effectiveness and risk mitigation.
13.    Oversee large financial transactions.


Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


1.    Minimum 5+ years of mortgage servicing or loan operations experience, bachelor’s degree 
2.    Minimum 5+ years of leadership or supervisory experience
3.    Strong knowledge of: 
o    Mortgage servicing systems (e.g., MSP), Investor guidelines (Fannie Mae, Freddie Mac, FHA, VA)
o    Ability to interpret legal, financial, and investor documentation.
4.    Advanced understanding of regulatory and compliance requirements (CFPB, Federal and State laws)
5.    Strong knowledge of mortgage servicing and regulatory requirements (including Rex X and NFIP) 


Preferred Qualifications:
1.    Provide leadership, guidance, and performance management, ensuring alignment with organizational goals and service standards
2.    Proven leadership and team management experience 
3.    Excellent cross-functional collaboration and communication skills 
4.    Experience in risk management, compliance oversight, and audit support 
5.    Strong analytical and problem-solving abilities

The annual base salary for this position is $70,000 - $100,000.00

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit . Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

Don’t miss out on future opportunities or insights into our company culture and industry trends. Subscribe to our job alert emails and stay informed about new positions and career tips directly from our professionals. At Truist Financial, we’re not just offering jobs; we’re building careers. Join us and discover how you can make a difference and fuel your future.

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Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
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