Commercial Escrow Assistant

3 days ago

Minnetonka, Minnesota, United States Old Republic Title Full time

CENTRAL TITLE DIVISION

Job Description
As a Commercial
Escrow Assistant
at Old Republic Title, you will play a vital role in the seamless execution of real estate transactions, ensuring that every step is meticulously managed with precision and care. You will be entrusted with the responsibility of opening, processing, and closing refinance and sale transactions under the guidance of experienced professionals. Your role will require you to communicate effectively with lenders, principals, realtors, co-workers, and other department personnel, ensuring that everyone is informed and aligned throughout the process.

This employee is responsible for assisting in the coordination and closing of commercial single-site transactions and multi-state refinance and sale transactions under the direct supervision of a VP and Underwriting Counsel; Escrow Officers and Escrow Manager; for accounting and escrow functions; for answering inquiries from customers and staff on pending transactions; and for maximum levels of customer satisfaction in the providing of title and closing services.

Essential Functions

  • Assist escrow officers with all commercial closing functions, including but not limited to preparation of settlement statements, review of escrow instructions, adhering to local closing customs, confirming wire instructions, initiating wires and approving wires as needed, recording documents, trial balance maintenance.
  • Assist title coordinators in the placement of title orders to the field and to the customer.
  • Support Title and Escrow Manager as needed.
  • Work with underwriting staff and Escrow Manager on closing and post-closing functions.
  • Coordinate local and national recordings.
  • Manage post-closing escrows.
  • Transaction accounting to include payments to agents; payments to local offices, booking fees to NCTS office.
  • Assist department with other administrative responsibilities.
  • Performs all other duties as assigned by Escrow Officers or Escrow Manager
  • The above statements reflect the principal function and most significant duties of the job and shall not be construed as a detailed description of all the work requirements that are inherent in the job.
  • Ability to work from 8:00 a.m. to 5:00 p.m. Monday through Friday
  • Ability to prioritize, organize and handle multiple site projects and portfolios;
  • Be responsible for the management of revenue;
  • Must be personable, positive and a professional representative of the Company;
  • Regular consistent attendance is required;
  • Ability to accept supervision;
  • Ability to foster, develop and maintain professional and collaborative working relationships. Must be able to get along and interact with others, i.e., peers, supervisors, outside customers, and vendors, by email, phone and in person;
  • Ability to work overtime as requested and approved by supervisor.

Knowledge/Skills/Experience Required

  • 3+ years escrow experience (Commercial experience preferred)
  • Excellent verbal and written communication skills
  • Excellent interpersonal and customer service skills
  • Ability to prioritize and handle multiple projects
  • Strong attention to detail and organizational skills
  • Proficient in Microsoft Office and Outlook

The estimated pay range stated represents the typical pay range for this position or similarly employed employees or employees performing substantially similar work. Factors which may be used to determine the actual pay rate may include, but are not limited to, education, training or experience; seniority; merit and work performance; quantity or quality of production; regional differences in compensation; differences in local minimum wages, or ability and effort.

Position's Pay Range
$ $33.00/hour

Benefits May Include

  • Comprehensive medical, prescriptions, dental and vision plans
  • 401(k) plan with a discretionary company match
  • Shareholder Purchase and Reinvestment Plan
  • Basic life and accidental death and dismemberment insurance premium paid by the company
  • Voluntary supplemental life insurance for employees, spouses and dependent children
  • Fertility and Family Building Benefits
  • Paid Disability benefits
  • Paid time off programs
  • 11 Company paid holidays per year
  • Flexible spending account
  • Health savings account (available to High Deductible Health Plan participants only)
  • Employee Assistance Program
  • Educational Assistance Program
  • Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance
  • Title insurance policies and certain escrow services for the employee's primary personal residence at no charge
  • Transportation benefit plan for mass transit, parking and vanpool, in several markets

Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please get in touch with your human resources representative regarding the application process.

For California applicants, please click the following link to view our CCPA Applicant Notice

Old Republic Title is an Equal Opportunity Employer

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