Transaction Specialist - LIFT

First Commonwealth Financial
Indiana
Workplace: OnsiteFull timeFunction: Business OperationsEducation: high_schoolSkills: ["Analytical skills","Communication","Interpersonal relations","Attention to detail","Record keeping"]

Manage LIFT loan collateral and insurance transactions, including hazard and flood insurance escrow administration, tracking renewals, and verifying coverage for SBA, Fannie Mae, Freddie Mac, and eligible $1M+ commitments. Process title and lien-related service events, verify title and lien documentation accuracy (VIN, mortgages, UCCs, life insurance, securities), maintain records in Synergy, and support audits, reports, invoices, and refunds.

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First Commonwealth Financial
First Commonwealth Financial
2 days ago

Transaction Specialist - LIFT

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Source: Company careers pageValidated by: Fursa AI
Last checked: 1 day agoStatus: Live

Job Summary

Manage LIFT loan collateral and insurance transactions, including hazard and flood insurance escrow administration, tracking renewals, and verifying coverage for SBA, Fannie Mae, Freddie Mac, and eligible $1M+ commitments. Process title and lien-related service events, verify title and lien documentation accuracy (VIN, mortgages, UCCs, life insurance, securities), maintain records in Synergy, and support audits, reports, invoices, and refunds.
Location: Indiana
Workplace: Onsite
Employment Type: Full time
Job Function: Business Operations
Seniority: Entry level

Key Responsibilities

  • •Manage and pay Hazard and Flood Insurance escrow, including researching and resolving policy changes, cancellations, and premium discrepancies.
  • •Answer questions from internal centers, clients, and third parties regarding hazard and flood insurance escrows.
  • •Process service events to print paper titles for repossession and other applicable reasons.
  • •Verify initial and renewal hazard insurance coverage for SBA, Fannie Mae, Freddie Mac, and loans with $1 million or more commitments.
  • •Verify and record loan collateral documentation accuracy (title policies, recorded mortgages, UCC filings, vehicle titles/VIN, life insurance, and securities) and maintain records in Synergy.

Key Requirements

  • •High school diploma (or equivalent) is required; at least one year of related experience is preferred.
  • •Moderate reading, writing, grammar, and mathematics skills consistent with a high school diploma.
  • •Proficient analytical skills.
  • •Proficient communication and interpersonal relations skills.
Education:High School
Skills:Analytical skillsCommunicationInterpersonal relationsAttention to detailRecord keeping
Tech Stack:SynergyVINtekDMV

Company Brief

First Commonwealth Financial
Regional financial services company providing banking, lending, wealth management, and related financial products for individuals and businesses. Operates primarily through First Commonwealth Bank across Pennsylvania and neighboring markets.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 100M to 250M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Indiana, United States
Founded: 1982
WebsiteLinkedIn