What are the responsibilities and job description for the Escrow Officer position at System 1 Staffing?
Direct Hire
Not remote
Interviews escrow principals to obtain pertinent facts, directs the preparation of escrow instructions, drawing of documents, issuance of title policies and disbursement of funds. Coordinates and assists escrow principals, their lenders and/or agents in the closing of escrows.
Essential Duties and Responsibilities include the following. Other duties may be assigned:
- Develops escrow documents in accordance with established policies
- Maintains escrow records and acts as an escrow agent
- Draws and/or directs the processing of escrow instructions
- Facilitates the escrow process by performing a review of the preliminary report to:
- Confirm that transfer documents are consistent with the preliminary report, as authorized in the escrow instructions
- Confirm that escrow is in a position to cause the required policies of insurance to be issued
- Prepares write up for issuance of title insurance policies consistent with principals of escrow
- Reconciles between instructions and preliminary report with the Title Department and/or principals, and agents by obtaining modification of escrow instructions, assists principals to obtain releases of liens and other encumbrances as necessary
- Opens escrow transactions; develops and/or obtains the appropriate escrow documentation in accordance with policy and procedures and applicable state and federal regulations
- Confirms and implements the terms contained in escrow instructions involving the financing, sale or exchange of real property
- Assists with business development activities with the assistance of the business development staff
Competency Standards:
- Demonstrate a clear understanding of the principles of title and escrow process and procedures
- Must have the ability to interview customers and/or their agents to ascertain their directions and implement those directions through concise escrow instructions
- Must have the ability to transcribe the directions of customers, as expressed into escrow instructions and settlement statements
- Ability to work with mathematical concepts
- Ability to read and interpret documents
- Ability to train, assign tasks and review performance
- Must demonstrate the ability to multi-task and problem solve in a fast paced environment
- Ability to demonstrate understanding of escrow applications and software as it relates to title and escrow processes and policies
- Proficient in Microsoft Office applications'
Job Type: Full-time
Schedule:
- 8 hour shift
Work Location: One location