Real Estate Escrow Specialist

2 weeks ago


Escondido, California, United States First American Financial Company Full time
About Us
At First American's Direct division, we prioritize our People First approach. We offer extensive title insurance solutions and professional settlement services for real estate transactions, including purchases, refinances, and equity loans. Since our inception in 1889, we have maintained a steadfast commitment to our employees, fostering a culture that encourages innovation and supports individual growth. Our dedication to inclusivity has earned us numerous accolades, including recognition on the Fortune 100 Best Companies to Work For list for nine consecutive years. We strive to be a great workplace for everyone.

Our Mission
We empower our employees to deliver exceptional service to clients by utilizing cutting-edge technology and collaborating with the most reputable escrow and underwriting partners in the industry. We are revolutionizing the residential real estate experience, one transaction at a time.

We are currently seeking an Escrow Officer to enhance our team.

Key Responsibilities
  • Facilitates real estate escrow transactions by identifying requirements; clearing titles; preparing, assembling, and reviewing closing documents; and disbursing funds.
  • Clarifies closing requirements by reviewing buyer, seller, and lender instructions.
  • Requests title reports for issuing title insurance, addressing title defects, and resolving existing liens and encumbrances.
  • Establishes escrow accounts by depositing funds and maintaining accurate records.
  • Prepares transaction documents by completing necessary forms and statements and reviewing existing documentation.
  • Calculates prorated taxes and interest as part of the closing process.
  • Finalizes closing transaction documents by assembling and reviewing papers with involved parties, explaining provisions and procedures, and ensuring completeness and accuracy.
  • Completes the closing process by recording and filing documents and preparing final closing statements.
  • Concludes escrow accounts by balancing and disbursing funds.
  • Ensures compliance with regulatory requirements and company policies.
  • Enhances job knowledge through educational opportunities and professional development.
  • Performs additional duties as assigned.
Qualifications

Required Education, Experience, and Certification
  • High School diploma or equivalent.
  • 2-4 years of relevant experience.
  • Experience in handling escrow transactions as an escrow assistant is preferred.
  • Valid licensing/certification as mandated by applicable state regulations.
Knowledge, Skills, and Abilities
  • Familiarity with standard concepts and practices within the escrow/title industry.
  • Proficiency in Microsoft Office applications.
  • Strong client relations and organizational skills.
  • Ability to draft reports and correspondence effectively.
  • Effective communication skills for addressing groups of clients or colleagues.
  • Competence in performing calculations related to discounts, interest, commissions, and other financial figures.
  • Detail-oriented and professional, capable of handling confidential information.
  • Adept at interacting with various stakeholders, including real estate sellers, buyers, agents, and brokers.
Compensation
Pay Range: $34.95 Hourly

This pay range is a reasonable estimate of the base salary for this position at the time of posting. Compensation is influenced by factors such as job-related knowledge, skills, experience, business requirements, and geographic location.

What We Offer
At First American, we celebrate individuality and support diversity, equity, and inclusion as essential components of our success. We are committed to fostering an authentic and inclusive workplace where all employees can thrive. Based on eligibility, we provide a comprehensive benefits package that includes medical, dental, vision, 401k, PTO/paid sick leave, and additional benefits such as an employee stock purchase plan.

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