Real Estate Law Firm Escrow Officer

McMichael & Gray, PC•Huntsville, AL

13d

About The Position

The Escrow Officer, also referred to as the Closer, is responsible for the final review of mortgage loan information, preparation of closing documents, accurate funding of files, and delivery of closing documents to the closing attorney. The role coordinates loan closings, confirms transaction figures and funding, clears title requirements, manages lien payoffs and disbursements, and ensures documents are accurate, properly executed, and securely presented. The officer also reviews preclosing and final closing documents and delivers completed files to the Post Closing department. The company offers a competitive benefits package, and compensation is commensurate with experience.

Requirements

Experience in this role is preferred.

Nice To Haves

Experience with SoftPro.

Responsibilities

Schedule loan closings and prepare closing documents.
Review approved mortgage loans to determine conditions that must be met before closing.
Ensure mortgage loans are funded accurately and in a timely manner.
Type closing documents for all transactions.
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.
Communicate with the lender to balance the Closing Disclosure before closing and verify the accuracy of the figures.
Work with the lender to obtain authorization to disburse funds to transaction parties.
Clear all title requirements.
Arrange full payment and cancellation of liens against the property, including mortgage and other loan payoffs, HOA charges, FIFAs, taxes, and outstanding utility bills.
Calculate per diem amounts for items paid at closing through the date after closing and adjust them accordingly.
Ensure items paid at closing are paid 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 all incoming funds from the borrower and lender.
Confirm outgoing payoff and seller-proceeds funds and checks for all disbursements.
Ensure all transaction documents are properly executed by all parties.
Present transaction documents to the parties in a professional and secure manner.
Review preclosing documents for accuracy, including HOA letters, taxes, termite documents, HBW, lender documents, and the title examination and commitment.
Review final closing documents and deliver the final file to the Post Closing department.