Escrow Officer
| Company | First American |
|---|---|
| Location | Texas, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | |
| Experience Level | Mid Level |
Requirements
- High School diploma or equivalent
- 2-4 years related experience
- Experience directly handling escrow transactions as an escrow assistant preferable
- Valid Licensing/Certification as required by applicable state
Responsibilities
- Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds.
- Determines closing requirements by studying and clarifying buyer, seller, and lender instructions.
- Orders title reports for issuing title insurance, 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 settlement statement by utilizing lender instructions.
- Closes escrow account by balancing and disbursing funds.
- Complies with regulatory requirements and company policy by adhering, and enforcing adherence, to requirements.
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Other duties as assigned
Preferred Qualifications
- Experience directly handling escrow transactions as an escrow assistant preferable