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Escrow Officer
2 months ago
We are seeking a skilled Escrow Officer to join our team at First American Financial Company. As an Escrow Officer, you will play a critical role in handling real estate transactions by establishing new escrow accounts, managing funds, processing documents for closings, and completing settlements in accordance with established policies and procedures.
Key Responsibilities
- Complete real estate escrow transactions by determining requirements, clearing titles, assembling, preparing, and reviewing closing documents, and disbursing funds.
- Determine closing requirements by studying and clarifying buyer, seller, and lender instructions.
- Order title reports for issuing title insurance, resolving title defects, satisfying existing liens and encumbrances against property or principals.
- Establish escrow accounts by depositing funds and maintaining records.
- Prepare transaction documents by completing forms and statements, collecting and reviewing existing documents.
- Complete calculations by prorating taxes and interest.
- Complete closing transaction documents by assembling documents, reviewing papers with parties, explaining provisions and procedures, answering questions, checking documents for completeness and accuracy, and obtaining signatures.
- Complete closing by recording and filing documents, preparing and distributing final closing statements, and title.
- Closes escrow accounts by balancing and disbursing funds.
- Comply with regulatory requirements and company policy by adhering to and enforcing adherence to requirements.
- Update job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.
- Familiarity with standard concepts, practices, and procedures within the escrow/title industry field.
- Knowledge of Microsoft Office applications.
- Good client relations and organizational skills.
- Ability to write reports and correspondence.
- Ability to speak effectively before groups of customers or employees of an organization.
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
- Detail-oriented and professional, able to handle confidential information.
- Ability to deal with multiple types of roles such as real estate sellers, buyers, agents, and brokers.
At First American, we believe in fostering an inclusive and diverse workplace where all employees feel welcome, supported, and empowered to reach their full potential. We offer a comprehensive benefits package, including medical, dental, vision, 401(k), PTO/paid sick leave, and other great benefits like an employee stock purchase plan.
