Escrow Officer

The Escrow Officer is responsible for establishing new escrow accounts and processing escrow documents in accordance with established policies and procedures. Qualifications High School diploma or equivalent; 2-4 years related experience with 3+ years experience directly handling escrow transactions as an escrow officer and/or assistant; Knowledge of Microsoft Office applications; Ability to read and interpret documents, such as operating and maintenance instructions and policy and procedure manuals; Ability to write routine reports and correspondence; Ability to communicate effectively with customers and other employees of organization; Ability to calculate figures and amounts, such as discounts, interest, commissions, prorations, and percentages. Escrow Officer Certification from the Escrow Association or completion of escrow officer training program by a title company or bank is a plus. Responsibilities Complete real estate escrow transactions by determining requirements, assembling, preparing, reviewing, processing, and distributing closing documents, and disbursing funds. Determine escrow requirements by studying and clarifying buyer, seller, and lender instructions. Obtain clear title by ordering title reports, resolving title defects, and coordinating satisfaction/release of existing liens and encumbrances against property or sellers. Establish escrow accounts, handle escrow funds, and maintain records. Prepare transaction documents by completing forms and statements and collecting and reviewing documents. Complete calculations for prorating taxes and interest. Complete closing transaction documents by assembling documents, reviewing documents with parties, explaining provisions and procedures, answering questions, checking documents for completeness and accuracy, and obtaining signatures. Complete closing by recording and filing documents and preparing and distributing final closing statements and title policies. Prepare HUD/CD statements in accordance with lender instructions and applicable law. Close escrow account by balancing and disbursing funds. Comply with regulatory requirements by adhering, and enforcing adherence, to applicable regulatory requirements. Update job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations. Enhance organization's efficiency, reputation, and environment by accepting ownership for accomplishing new and different requests and exploring opportunities to add value to company's production, profitability, image, and . Category: Legal, Keywords: Escrow Officer