Escrow Officer

First American•California Home - G4, CA

1d•$27 - $36•Remote

About The Position

The Escrow Officer handles real estate transactions by establishing new escrow accounts, managing funds, processing closing documents, and completing settlements in accordance with established policies and procedures. The role serves as a neutral liaison between parties to a transaction, follows company policies, and monitors and mitigates company risk. This position is listed as remote, with an hourly pay range of $26.88–$35.82. The role involves determining transaction and closing requirements; ordering title reports and resolving title defects; preparing, reviewing, and explaining closing documents; calculating prorations; recording and filing documents; and balancing and disbursing escrow funds. The Escrow Officer also maintains escrow records, ensures regulatory and company-policy compliance, and keeps job knowledge current through professional learning and participation.

Requirements

High school diploma or equivalent.
2–4 years of related experience.
Valid licensing or certification as required by applicable state.
Familiarity with standard concepts, practices, and procedures in the escrow/title industry.
Knowledge of Microsoft Office applications.
Good client-relations and organizational skills.
Ability to write reports and correspondence.
Ability to speak effectively before groups of customers or employees.
Ability to calculate figures and amounts, including discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Detail-oriented and professional, with the ability to handle confidential information.
Ability to work with different transaction parties, including real estate sellers, buyers, agents, and brokers.

Nice To Haves

Experience directly handling escrow transactions as an escrow assistant is preferable.

Responsibilities

Determine closing requirements by reviewing and clarifying buyer, seller, and lender instructions.
Order title reports for title insurance and resolve title defects, including satisfying existing liens and encumbrances against property or principals.
Establish escrow accounts by depositing funds and maintaining records.
Prepare transaction documents by completing forms and statements and collecting and reviewing existing documents.
Calculate prorations for taxes and interest.
Assemble closing documents, review them with transaction parties, explain provisions and procedures, answer questions, check documents for completeness and accuracy, and obtain signatures.
Complete closings by recording and filing documents and preparing and distributing final closing statements and title documents.
Prepare settlement statements using lender instructions.
Close escrow accounts by balancing and disbursing funds.
Comply with regulatory requirements and company policies, and enforce adherence to those requirements.
Maintain job knowledge by participating in educational opportunities, reading professional publications, maintaining professional networks, and participating in professional organizations.
Perform other duties as assigned.