Escrow Officer

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 5 years of Escrow Officer experience
  • Supervisory experience is preferred
  • Notary license is required
  • Valid driver's license and reliable transportation is required