JP Morgan Chase & Co.

Loan Servicing Escrow Associate - Commercial Real Estate, Agency & Institutional Capital Loan Servicing and Asset Management - Associate

JP Morgan Chase & Co.$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 3 years in Multifamily Loan Servicing, Insurance compliance, Escrow Administration, and Tax servicing
  • Strong attention to detail and accuracy
  • Commitment to building relationships and delivering a best-in-class borrower experience
  • Ability to multitask and manage competing deadlines with minimal supervision
  • Proficient in Excel, employing multiple formulas.

Responsibilities

  • Partner with third-party tax service vendors for timely tax disbursements
  • Own tax-related exceptions including delinquent taxes and disputed assessments
  • Investigate and resolve complex tax issues with various stakeholders
  • Act as the subject matter expert for escrow analysis exceptions
  • Perform manual escrow analyses for discrepancies and servicing issues
  • Research and resolve escrow variances with stakeholders
  • Support ongoing insurance compliance reviews by managing documentation
  • Reconcile insurance vendor findings and track unresolved exceptions.

Benefits

  • Utilization of commercial mortgage servicing platforms
  • Opportunities for skill development in a leading financial institution
  • Dynamic team environment with a focus on collaboration.
  • Comprehensive support for operational administration tasks.
Full Job Description
As a Loan Servicing Escrow Associate in Agency and Institutional Capital Loan Servicing and Asset Management you will be responsible for protecting collateral value and lien priority through the administration of multifamily real estate taxes, insurance compliance operations, escrow accounts, exception management, and borrower servicing activities. The position supports tax servicing, insurance monitoring, escrow administration, compliance tracking, and operational process execution across a diverse multifamily portfolio while ensuring adherence to investor requirements, internal controls, and audit standards. Job Responsibilities • Partner closely with third-party tax service vendors to ensure timely tax disbursements. • Serve as primary owner for all tax-related exceptions, including delinquent taxes, disputed assessments, missing tax bills, incorrect parcel information, tax liens, payment rejections, and vendor-reported alerts. • Investigate and resolve complex tax issues by coordinating with borrowers, taxing authorities, vendors, Asset Management, and internal servicing teams. • Serve as the primary owner and subject matter expert for all escrow analysis exceptions, research items, and borrower inquiries related to tax and insurance escrow accounts. • Perform manual escrow analyses when automated processes identify discrepancies, exceptions, shortages, surpluses, data integrity concerns, or complex servicing situations requiring additional review. • Research and resolve escrow analysis variances by coordinating with borrowers, servicing teams, tax and insurance vendors, Asset Managers, and other internal stakeholders. • Support ongoing insurance compliance reviews by collecting and organizing renewal documentation, confirming required items are received, and routing materials for review in accordance with established procedures. • Review and reconcile insurance vendor findings, track open exceptions, coordinate follow-up with borrowers, insurance agents, vendors, and internal stakeholders, and escalate unresolved or higher-risk items as appropriate. • Assist with the operational administration of insurance collections and invoicing, including monitoring document requests, maintaining status records, validating supporting documentation, and coordinating timely processing and resolution of discrepancies. Required qualifications, capabilities and skills • Minimum 3 years of relevant experience in Multifamily Loan Servicing, Insurance compliance, Escrow Administration, and Tax servicing • Strong attention to detail and accuracy • Commitment to building relationships and delivering a best-in-class borrower experience • Ability to multitask and manage competing deadlines with minimal supervision • Proficient in Excel, with experience using multiple formulas Preferred qualifications, capabilities and skills • Experience working with third-party tax & insurance service providers • Experience resolving tax, insurance, and escrow-related exceptions through research, analysis, and coordination with borrowers, vendors, and internal stakeholders. • Working knowledge of escrow analysis methodologies, shortage and surplus calculations, borrower payment adjustments, and escrow account reconciliation. • Knowledge of commercial real estate loan documents as they relate to tax, insurance, and escrow obligations, and borrower servicing requirements. • Experience utilizing commercial mortgage servicing platforms such as McCracken Strategy About the Team J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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