Jobs · Management · Illinois

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.

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