Real Estate Law Firm Escrow Officer

McMichael & Gray, PC•Birmingham, AL

12d

About The Position

The Escrow Officer, also referred to as the Closer, is responsible for reviewing mortgage loan information, preparing closing documents, accurately funding files, and sending closing documents to the closing attorney. The role coordinates with lenders and other transaction parties to prepare and complete real estate closings, ensure title requirements are cleared, and confirm funds and documents are handled accurately and securely. The position also reviews preclosing and final closing documents, oversees payments and disbursements, ensures liens are paid and canceled, and delivers the completed file to the Post Closing department. Experience in this role is preferred; experience with SoftPro is a plus.

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 before closing and verify the figures are accurate.
Obtain lender funding authorization to disburse funds to transaction parties.
Clear all title requirements.
Ensure liens against the property are paid in full and canceled, including mortgages, loans, HOA balances, FIFAs, taxes, and outstanding utility bills.
Calculate amounts due at closing using per diem through the applicable closing date and adjust amounts as needed.
Ensure closing payments are made in full by wire or tracked overnight delivery in a timely manner.
Confirm legal documents to be recorded are accurate and collect the total recording cost at closing.
Confirm receipt of incoming funds from the borrower and lender.
Confirm outgoing payoff and seller-proceeds funds and checks issued for disbursements.
Ensure all transaction documents are properly executed by all parties.
Present transaction documents to the parties professionally and securely.
Review preclosing documents for accuracy, including HOA letters, taxes, termite documents, HBW, lender documents, title examination, and title commitment.
Review final closing documents and deliver the completed file to the Post Closing department.