Escrow Officer Professional

JOB SUMMARY

Our Escrow Professional performs duties related to all facets of escrow processing. S/He is required to exercise independent judgment and to possess the knowledge and experience necessary to efficiently handle any situation that may arise during the closing process. This position works closely with all other members of the team.

DUTIES & RESPONSIBILITIES

Primary Responsibilities

Processes transactions including all transaction types

Preliminary contact with parties on all transactions

Reviews title commitment to assure all requirements have or will be met with closing

Provides document assistance to Managing Director, Operations Manger, Escrow Officer, and Staff Attorney, as assigned

Continued communication with parties as needed

Receipts and disburses funds from company escrow account as directed by Escrow Officer and Operations Manager

Follows company standards and practices when processing transactions, as well as applicable state laws and guidelines

Returns all calls, voicemails, and emails in a timely manner

Adheres to company policies and guidelines

Performs other duties as assigned by supervisor

Assists Escrow Officer as needed with the following duties:

Reviews documents needed to prepare settlement statement (i.e., demands, loan documents, and insurance)

Prepares settlement statements for closing, including input of all relevant data and lender figures

Assures lender and company are in balance for funding

Sends settlement statement, once balanced with lender, to Agents for review and approval

Sends settlement figures to Seller, if requested by Listing Agent

Submits funding package to lender, if required, to obtain authorization to disburse

Receipts and disburses all funds from company escrow account

Prepares fee quotes for prospective clients/transactions

Performs closings in office

Submits funding package to lender, if required, to obtain authorization to disburse

QUALIFICATIONS EXPERIENCE

Minimum of Three (3) years of experience is preferred, title experience required.

EDUCATION

High School Diploma required

Bachelor’s Degree preferred

CERTIFICATIONS, LICENSES, INSURANCE

Title Insurance license preferred

KNOWLEDGE

Must be familiar with standard concepts, practices, and procedures within the title industry field.

 SKILLS

Adaptability: adapts to new, different, or changing requirements

Attentive to details

Critical thinking: uses logical thought processes to analyze and draw conclusions

Customer focused: is pleasant, courteous, and professional when dealing with internal and external customers or clients

Decision making: applies critical thinking skills to solve problems; identifies and prioritizes the key issues involved to facilitate the decision-making process

Dependable and reliable: displays responsible behaviors at work

Integrity: treats others with honesty, fairness, and respect

Planning and organizing: plans and prioritizes work to manage time effectively and accomplish assigned tasks

Professional: maintains a professional demeanor at work

Reading: reads and comprehends documents ranging from simple and straightforward, to more complex and detailed; attains meaning and comprehends core ideas from written materials and applies what is learned

Respectful: works effectively with those who have diverse backgrounds

Team player: works effectively with others

Technology: uses information technology and related applications to convey and retrieve information; demonstrates strong computer/typing skills in Microsoft Office, email programs, accounting software, and internet browsers

Verbal communication: maintains open lines of communication with others; speaks clearly, in precise language and in a logical, organized, and coherent manner

Writing: uses standard English to clearly communicate thoughts, ideas, and information in written form

NOTE: Skills list resourced in part from Common Employability Skills, National Network of Business and Industry Associations, 2014. Print and online at: http://www.nationalnetwork.org/wp-content/uploads/2015/05/Common_Employability_Skills-03-30-152.pdf.

ESSENTIAL JOB FUNCTIONS (including physical requirements)

This position requires repetitive use of a keyboard, bending, sitting, squatting, and simple grasping.

This position requires use of one’s own vehicle for transportation during the workday.