Escrow Officer
1 day ago
Key Responsibilities:
- Manage Escrow Transactions: Oversee the opening, processing, and closing of escrow accounts for real estate transactions.
- Prepare and Review Documents: Draft and review escrow instructions, HUD-1 Settlement Statements, Closing Disclosures, title commitments, and other necessary documents.
- Coordinate Closings: Schedule and facilitate the closing process, ensuring all parties are informed and all conditions are met.
- Handle Funds: Verify receipt of funds, manage disbursement of funds post-closing, and ensure all parties are paid accurately and on time.
- Conduct Title Searches: Perform title searches to identify and resolve any title issues or discrepancies.
- Ensure Compliance: Maintain compliance with all state and federal regulations, including TRID (TILA-RESPA Integrated Disclosure) and other industry standards.
- Resolve Disputes: Mediate disputes between buyers and sellers, providing solutions to ensure successful transaction closures.
- Client Communication: Maintain clear and effective communication with clients, real estate agents, lenders, and other stakeholders throughout the escrow process.
- Maintain Records: Keep accurate and organized records of all transactions and related documentation.
- Minimum of 2 years of experience as an Escrow Officer or in a similar role.
- Strong knowledge of escrow processes, HUD-1 Settlement Statements, Closing Disclosures, and title insurance.
- Familiarity with TRID regulations and compliance requirements.
- Proficiency in escrow software and related tools.
- Excellent attention to detail and strong organizational skills.
- Exceptional communication and customer service skills.
- Ability to manage multiple transactions and meet deadlines in a fast-paced environment.
- Problem-solving skills and the ability to mediate disputes effectively.
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