Escrow Officer

About the Role

As an Escrow Officer at First American Financial Company, you will play a critical role in handling real estate transactions with precision and professionalism. Your primary responsibility will be to establish new escrow accounts, manage funds, process documents for closings, and complete settlements in accordance with established policies and procedures. You will serve as a neutral liaison between file parties, adhering to company policy and monitoring and mitigating risk to the company.

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.
• Close 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.

Requirements

• High School diploma or equivalent.
• 2-4 years related experience.
• Experience directly handling escrow transactions as an escrow assistant is preferable.
• Valid Licensing/Certification as required by applicable state.

What We Offer

At First American Financial Company, we value diversity, equity, and inclusion. We are proud to foster an authentic and inclusive workplace for all. You are free to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term. Based on eligibility, we offer a comprehensive benefits package, including medical, dental, vision, 401k, PTO/paid sick leave, and other great benefits like an employee stock purchase plan.

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