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)
Job Overview:
We are seeking a skilled and detail-oriented Escrow Assitant/Escrow Officer to join our team. As an Escrow Officer, you will be responsible for facilitating real estate transactions by ensuring the proper handling of funds and documents. Your role will involve working closely with lenders, buyers, sellers, and other parties involved in the transaction process. If you have a strong background in financial services and possess excellent organizational and communication skills, we encourage you to apply.
Duties:
- Manage the escrow process from start to finish, ensuring all necessary documentation is completed accurately and in a timely manner
- Review contracts, loan documents, and other related materials to ensure compliance with legal requirements
- Coordinate with lenders, title companies, real estate agents, and other parties to gather necessary information and resolve any issues that may arise during the escrow process
- Prepare settlement statements and distribute funds according to established procedures
- Conduct credit analysis and verify financial information provided by buyers and sellers
- Maintain accurate records of all escrow transactions
- Stay up-to-date with industry regulations and best practices
Skills:
- Strong knowledge of escrow procedures, mortgage servicing, loan origination, and financial services
- Proficiency in basic math calculations and credit analysis
- Excellent attention to detail and organizational skills
- Effective communication skills to interact with clients and stakeholders
- Familiarity with TILA (Truth in Lending Act) regulations and contract law
- Ability to work independently and prioritize tasks effectively.
Job Types: Full-time, Part-time, Contract
Pay: $30,000.00 - $40,000.00 per year
Expected hours: 20 – 30 per week
Benefits:
Schedule:
Ability to Relocate:
Work Location: In person
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