Full-Time

Lender Placed Insurance Specialist II

Posted on 11/25/2024

Assurant

Assurant

10,001+ employees

Provides risk management and insurance solutions

Financial Services
Consumer Goods

Compensation Overview

$15.86 - $24.59Hourly

Entry, Junior

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • High School Diploma
  • One year experience in an office setting (preferably in a production environment).
  • Ability to work under pressure to meet or exceed deadlines to maintain client expectations.
  • Ability to adapt easily as procedures/client needs change.
  • Ability to organize and prioritize workload.
  • Intermediary skill set for Microsoft Word & Microsoft Excel
  • Knowledge of LPS (Fidelity), HazardPlus, TrackAll 1.5, TrackAll 2.0, MortgageServ, RealServicing are a plus.
  • Good communication skills (Verbal & Written) Professional candidate.
  • Ability to make good decisions
  • Familiar with mainframe computer and applications.
Responsibilities
  • Perform basic Data Entry functions as needed i.e. Manual addition & cancellation of policies (Systems used – Hazard Plus, Trackall 2.0 and LPS (Fidelity))
  • Process and resolve issues that require in-depth research. CCOs, CCWs, Tasks, and emails
  • Perform maintenance as necessary for the refund transaction. Notate applicable system for each loan transaction. - (including the letter log (14E)).
  • Ensure that all items are processed in a timely manner to meet and exceed established standards.
  • Process various special projects as needed.
  • Performs other duties as assigned including, but not limited to: LYDIA production log, batching, filing, LP letter reprints, assist with Mail Room functions as needed
  • Ability to meet deadlines to remain compliant with client’s goals and standards
  • Reviews and updates processing procedures as well as make recommendations for process improvements.
  • Process Lender Placed Insurance via payments report (039)
  • Verify that the LPI policy contains acceptable coverage amounts and premium, and take appropriate action to add or cancel LP coverage
  • Process LPI Wind and aging via payments report. (WNC & WNC List Bills/Assurant Wind)
  • Process Lender Placed Insurance via 039 report
  • Process Lender Placed Insurance via 063 database
  • Work Payment Exception Reports – 141, 22I, 22L, 449, 242, 5013 & 14E
  • Accurately input data, create manual disbursements, and maintenance the lines as needed.
  • Process and resolve issues that require minimal research.
  • Process various special projects as needed.
  • Resolves simple questions and problems, refers more difficult items to a higher level,
  • Identify systems errors or issues and advise all levels of management
  • Ability to meet deadlines to remain compliant with client’s goals and standards
  • Review/Analyze manual refunds and apply to the appropriate client entity (Checks/5013 report)

Assurant provides risk management solutions that focus on protecting major consumer purchases, particularly in mobile devices, electronics, and smart technology. The company offers insurance products and extended service contracts that help consumers safeguard their investments in high-value items. When a product is damaged or malfunctions, Assurant also provides repair services to restore it efficiently. This approach minimizes the financial impact of unexpected events for individual consumers, businesses, and financial institutions. Assurant differentiates itself from competitors by its strong commitment to diversity, equity, and inclusion, which enhances its corporate culture and helps the company better serve its diverse clientele. The goal of Assurant is to support clients in maintaining their day-to-day operations while fostering an inclusive environment for its employees.

Company Stage

IPO

Total Funding

N/A

Headquarters

New York City, New York

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic acquisitions like iSmash and American Financial & Automotive Services enhance Assurant's market position and service capabilities.
  • The company's global presence in North America, Europe, and Asia provides significant growth opportunities and market diversification.
  • Assurant's focus on DEI not only promotes a positive work environment but also attracts top talent and broadens its customer base.

What critics are saying

  • The highly competitive nature of the insurance and service contract markets could pressure Assurant's margins and market share.
  • Integration challenges from recent acquisitions may lead to operational inefficiencies and distract from core business activities.

What makes Assurant unique

  • Assurant's specialization in mobile devices, electronics, and smart technology sets it apart from traditional insurance providers.
  • The company's comprehensive service model, which includes insurance, extended service contracts, and repair services, offers a one-stop solution for consumer protection.
  • Assurant's strong commitment to diversity, equity, and inclusion (DEI) fosters a corporate culture that drives innovation and better customer understanding.

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