Escrow Officer
Lennar Title · Schaumburg, IL · 3 wk ago
Management$27.82–$44/hrFull-time
Responsibilities
- Communicates and coordinates daily responsibilities with the Branch or Escrow Manager
- Obtains demands/releases to clear title
- Draws instructions and supporting documents for signing
- Audits and closes file when all funds and documents are received
- Disburses funds
- Writes escrow instructions consistent with the requirements of the parties and obtains their approval
- Estimates the amount of money required to close escrow and obtains buyers' and sellers' deposits
- Reviews commitment and/or preliminary title report to verify vesting and legal description
- Reconciles discrepancies between instructions and title report with title officer and/or principals
- Orders beneficiary statements or demands, fire insurance, loan interest, rents and other prorated items
- Directs and may participate in the preparation of settlement sheets
- Trains, supervises, guides and assigns work to other associates in office
- Maintains confidentiality of all proprietary information and escrow transactions
- Understands and complies with escrow accounting procedures
- Understands and complies with Good Funds Law
- Solicits business in-person, development functions or activities or virtual
- Prepares Account Servicing Setups, if applicable
- Knows Rate Manual and quotes accurate fees
Requirements
- High school diploma or equivalent
- At least 3 years of Escrow Officer experience
- Supervisory experience is preferred
- Notary license is required
- Valid driver's license and reliable transportation is required
Qualifications
- Finger dexterity may be required to operate a computer keyboard and calculator
- Requires the ability to work more than eight hours per day in the confined quarters of a construction trailer, the ability to operate a motor vehicle, read plans, climb stairs and ladders, bend, stoop, reach, lift, move and/or carry equipment which may be in excess of 50 pounds
- Requires occasional operation of construction equipment
Skills
- Customer service techniques
- Escrow accounting procedures
- Good Funds Law
- Escrow processing and closing
- Document preparation and management
- Legal research and interpretation
- Financial calculations and reporting
- Communication and coordination skills
Benefits
- Comprehensive health insurance plans (Medical, Dental, Vision)
- 401(k) Retirement Plan with a $1 for $1 Company Match up to 5%
- Paid Parental Leave
- Associate Assistance Plan
- Education Assistance Program
- Adoption Assistance (up to $30,000)
- Vacation policy (up to three weeks annually)
- Holiday, Sick Leave, and Personal Day policies
- New Hire Referral Bonus Program
- Significant Home Purchase Discounts
- Everyone’s Included Day
Pay
We reasonably expect the base compensation offered for this position to range from an hourly rate of $27.82 - $44, subject to adjustment based on business-related factors such as employee qualifications, geographic pay differentials (e.g., cost of labor/living, etc.), and operational considerations.
Schedule
Regular, in-person attendance at Company communities/job sites and offices during regular work hours is an essential function of this job.