Real Estate Law Firm Escrow Officer
McMichael & Gray, PC•Mobile, AL
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 loan closings and ensures that transaction requirements, payments, documents, and funds are handled accurately, 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 identify 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 required disclosure documents are assigned and included in the loan file.
- Coordinate with the transaction lender to balance the Closing Disclosure and verify figures before closing.
- Obtain funding authorization from the lender to disburse funds to the transaction parties.
- 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 them as needed.
- Ensure closing payments are made in full by wire or tracked overnight delivery in a timely manner.
- Confirm that legal documents for recording are accurate and that recording costs are collected at closing.
- Confirm receipt of all incoming funds from the borrower and lender.
- Confirm outgoing payoff funds, seller proceeds, and checks for disbursements.
- Ensure all transaction documents are properly executed by the involved parties and presented 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.
Benefits
- Competitive benefits package.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
