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April 3, 2024
Grade 5
Location: Brookings, SD
Overall Functions

This person is responsible for the mortgage loan escrow accounts which includes the annual escrow account analysis and ensuring property taxes and insurance are paid.


This person should have an associate’s, degree plus four years of related experience, or the equivalent.  This person must have good communication skills with a professional demeanor, the ability to manage multiple projects, an aptitude for details, the ability to multi-task, and the ability to collaborate well with others.


1. Initiate and ensure the timely payment of all necessary disbursements from escrow accounts, including homeowner’s insurance premium payments, real estate tax payments, and mortgage insurance premium payments.
2. Perform the annual escrow account analysis of customers escrow accounts as required by the Real Estate Settlement Procedures Act according to established procedures.
3. Ensure the accuracy of new escrow accounts being input into the core system. When necessary, perform the setup of or removal of an escrow account on an existing loan.
4. Process insurance loss settlement payments, including preparing all necessary forms and documentation for customers.
5. Process borrower requests to cancel Private Mortgage Insurance (PMI) and automatic termination of PMI according to investor and insurer requirements.
6. Answer customer inquiries regarding their escrow accounts.
7. Maintain an up-to-date escrow procedure manual.
8. Act as the backup to the Investor Accounting function of the department. Including, but not limited to, all remittance and reporting functions and monitoring of the loan servicing shared inbox.
9. Act in accordance with FBT policies and procedures as set forth in the employee handbook.
10. Adhere to compliance procedures and participate in required compliance.

First Bank & Trust is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran. Read our complete Equal Employment Opportunity Policy Statement(Opens in a new Window). Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email