Senior Commercial Escrow Officer, Texas
About The Position
Blue Owl is hiring a Senior Commercial Escrow Officer to manage Texas escrow operations and support national underwriting and commercial real estate transactions. The position is Dallas-based, with an expectation to work in the office three days per week and as required by the Texas Department of Insurance (TDI). The role oversees Texas licensing and regulatory compliance, office procedures, transaction processing, audits, vendor relationships, and future team growth. The officer will also cross-train in national underwriting and manage the escrow, closing, and settlement process for commercial real estate transactions. This includes coordinating clients and transaction parties, reviewing transaction documents and settlement statements, resolving title insurance coverage issues, overseeing closings and recordings, and ensuring final policies and documents are correctly issued and stored. The position is non-exempt. The stated base annual salary range is $140,000 to $165,000. Employees may be eligible for a discretionary bonus based on individual and team performance.
Requirements
- At least 7 years of commercial experience; portfolio transaction experience is a plus.
- Texas escrow officer license.
- Deep understanding of Texas title insurance, escrow procedures, and underwriting requirements.
- Ability to independently manage complex, high-dollar, and time-sensitive transactions.
- Experience managing office operations in Texas.
- Understanding of TDI rate rules and regulations.
- Excellent organizational skills and attention to detail.
- Knowledge of workshare transactions, or willingness to cross-train as a national underwriter until one is hired.
- Ability to work in a fast-paced environment with limited oversight.
- Willingness to work in the Dallas office three days per week and as required by TDI.
Nice To Haves
- Juris Doctor (JD) preferred.
- Portfolio transaction experience is a plus.
Responsibilities
- Maintain company licensing compliance and oversee regulatory requirements for Texas and other states as the business grows.
- Establish and manage operational procedures and workflows for the Texas office.
- Price premiums and endorsements, create workshare invoices for underwriters, and eventually create invoices for licensed-state deals.
- Conduct internal file audits to ensure compliance.
- Manage Texas on-site requirements to ensure adherence to state regulations.
- Open, examine, and clear title requirements in compliance with Texas regulations and underwriter guidelines.
- Ensure files are balanced, funded, recorded, and compliant with state regulations.
- Maintain exceptional service standards and handle communications on licensed and workshare deals as needed.
- Negotiate with Texas-specific vendors.
- Review the Blue Owl pipeline to ensure Sightline has a plant membership for each Texas county in the pipeline.
- Help hire and manage additional employees as the company grows.
- Handle escalations involving the Texas office and Texas transactions.
- Coordinate external audits with TDI and maintain a good working relationship with TDI.
- Cross-train in national underwriting and facilitate national transactions, liaising among clients, underwriters, attorneys, title escrow, and other teams.
- Manage the entire escrow process for commercial real estate transactions.
- Facilitate discussions and negotiations among parties to reach agreement on title insurance coverage.
- Identify potential title insurance coverage issues and work with national underwriters and transaction parties to negotiate solutions.
- Independently review and approve transaction documents required for title policy issuance, including deeds, security instruments, affidavits, organizational and authority documents, and releases.
- Facilitate, oversee, and coordinate escrow, closing, and settlement processes; review and comply with escrow instructions and settlement requirements.
- Review and approve settlement statements and disbursements for national files.
- Oversee closings conducted by national underwriters.
- Ensure recordings are handled correctly and submitted by external underwriters.
- Ensure underwriters issue all final policies and that the policies match the pro forma.
- Ensure all documents are uploaded to the software system or document repository.
Benefits
- Employees may be eligible for a discretionary bonus based on individual and team performance.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
