Escrow Officers are responsible for establishing new escrow accounts and processing escrow documents in accordance with established policies and procedures. Acts as a neutral third-party between buyers and sellers during a real estate sale, managing funds and processing real estate transactions.
Essential Duties and Responsibilities include but are not limited to:
- Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds.
- Determines escrow requirements by studying and clarifying buyer, seller, and lender instructions.
- Obtains clear title by ordering title reports; resolving title defects; satisfying existing liens and encumbrances against property or principals.
- Establishes escrow account by depositing funds; maintaining records.
- Prepares transaction documents by completing forms and statements; collecting and reviewing existing documents.
- Completes calculations by prorating taxes and interest.
- Completes closing transaction documents by assembling documents; reviewing papers with parties; explaining provisions and procedures; answering questions; checking documents for completeness and accuracy; obtaining signatures.
- Completes closing by recording and filing documents; preparing and distributing final closing statements and title.
- Prepares HUD by utilizing lender instructions; Closes escrow account by balancing and disbursing funds.
- Complies with regulatory requirements by adhering, and enforcing adherence, to requirements.
- Acts in advisory capacity, making recommendations which may have an important bearing on the conduct of the business.
Qualifications:
- Must have high school diploma or general education diploma (GED)
- Must have a minimum of 2 years of industry experience performing escrow and title duties
- Familiar with standard concepts, practices, and procedures within the escrow/title industry field
- Experience using the MS Office suite and industry software. RamQuest preferred
- Demonstrated mastery of multi-tasking effectively, particularly in fast-paced and high volume situations
- Notary or ability to obtain within 90 days
- Demonstrated ability to influence outcomes through effective written and oral communication skills
- Demonstrated commitment and effectiveness in the delivery of and focus on customer service to drive
- value
All your information will be kept confidential according to EEO guidelines.
