Real Estate Law Firm Escrow Officer

McMichael & Gray, PC•Huntsville, AL

11h

About The Position

The Escrow Officer (also referred to as the Closer) is responsible for reviewing mortgage loan information, preparing closing documents, funding files accurately, and sending closing documents to the closing attorney. The role coordinates with lenders and other transaction parties to ensure closing requirements, disclosures, funds, payments, and recorded documents are accurate and handled securely and on time.

Requirements

Experience in this role is preferred.

Nice To Haves

Experience with SoftPro.

Responsibilities

Schedule loan closings and review approved mortgage loans to determine conditions that must be met before closing.
Prepare and type closing documents for transactions.
Ensure mortgage loans are funded accurately and in a timely manner.
Assemble documents for delivery to the title company, real estate broker, or lending officer for closing.
Ensure appropriate disclosure documents are assigned and included in the loan file.
Coordinate with the lender to balance the Closing Disclosure and verify figures before closing.
Work with the lender to obtain authorization to disburse funds.
Clear all title requirements.
Arrange full payment and cancellation of property liens, including mortgage and other loan payoffs, HOA charges, FIFAs, taxes, and outstanding utility bills.
Calculate closing payments using per diem amounts through the closing date and adjust as needed.
Ensure closing payments are paid in full by wire or tracked overnight delivery in a timely manner.
Confirm legal documents for recording are accurate and collect the total recording cost at closing.
Confirm receipt of all funds from the borrower and lender.
Confirm outgoing payoff and seller-proceeds funds and checks for disbursements.
Ensure all transaction documents are properly executed by the parties.
Present transaction documents to the parties professionally and securely.
Review pre-closing documents for accuracy, including HOA letters, taxes, termite documentation, HBW, lender documents, title examination, and title commitment.
Review final closing documents and deliver the completed file to the Post Closing department.