Title Escrow Associate

7 days ago

Fayetteville, United States LENDERS TITLE COMPANY Full time
Job DescriptionJob DescriptionSUMMARY

The Title Escrow Assistant I assists Title Closers in coordinating real estate closing transactions, processes payments and maintains records of mortgage loans.

ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Types letters, forms, checks, and other documents used for collecting, disbursing, and recording in relation to the closing of the transaction
  • Executes terms of contract or trust agreement, such as holding money or legal papers, paying off mortgagees, or paying sums to designated parties
  • Answers customers’ inquiries regarding mortgage account and corrects records if needed
  • Files and delivers deeds and other legal documents
  • Records disbursement of funds to pay insurance and taxes
  • Types notices to government, specifying changes to loan documents, such as discharge of mortgage
  • Calls or writes loan application to obtain information for bank official
  • Orders services, such as property insurance, termite policies, and surveys, from third party providers as dictated by the real estate contract and/or separate closing instructions
  • Enters final data in computer to generate appropriate closing documents
  • Examines documents such as deeds, assignments and mortgages, to ensure compliance with escrow instructions, institution’s policy and legal requirements
  • Reviews printouts of allocation for interest, principal, insurance, or tax payments to locate and correct any errors
  • Performs all other duties as assigned

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