Escrow Officer is responsible for providing escrow information to clients and loan officers. Supervises the preparation and delivery of all necessary escrow documents. Being an Escrow Officer provides mortgage holders with required tax documentation for filing tax returns. Ensures the process and documents are in compliance with all applicable regulations and laws. Additionally, Escrow Officer may require an associate degree. Typically reports to a manager or head of a unit/department. The Escrow Officer supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be an Escrow Officer typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (Copyright 2024 Salary.com)
Escrow Officer
Duties:
- Review and analyze contracts and legal documents related to real estate transactions
- Prepare escrow instructions and ensure compliance with all applicable laws and regulations
- Coordinate with lenders, buyers, sellers, and real estate agents to gather necessary information and documentation
- Calculate and verify accurate financial figures for deposits, prorations, and closing costs
- Open and maintain escrow accounts, ensuring all funds are properly deposited and disbursed
- Conduct title searches and obtain title insurance policies
- Facilitate the transfer of funds and documents between parties involved in the transaction
- Prepare closing statements and settlement documents for review and signature
- Coordinate the recording of legal documents with the appropriate government agencies
- Provide exceptional customer service throughout the escrow process
Qualifications:
- Strong attention to detail and ability to perform basic math calculations accurately
- Knowledge of escrow procedures, real estate contracts, and title insurance
- Proficient in using 10-key typing for data entry purposes
- Excellent communication skills, both written and verbal
- Ability to multitask in a fast-paced environment while maintaining accuracy
- Familiarity with banking procedures and financial transactions
- Strong problem-solving skills and ability to resolve issues effectively
- Proficiency in using computer software programs such as Microsoft Office Suite
Join our team as an Escrow Officer! We offer competitive compensation, a supportive work environment, and opportunities for career growth. Apply today by submitting your resume and cover letter detailing your relevant experience.
Note: This job description is intended to provide a general overview of the position. Duties, responsibilities, and qualifications may be subject to change based on the needs of the company.
Job Type: Full-time
Pay: $73,177.00 - $80,987.00 per year
Benefits:
Schedule:
Supplemental pay types:
Work Location: In person
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