Escrow Officer

Job Title

In this role, you will need to have experience in building clientele on a basic, as well as more complex loan and sale transactions. Demonstrating continued development of operating their own unit and managing workflow to meet the needs of the customer. As the unit lead, collaborates and strategizes with management, sales, and marketing resources to increase revenue, is capable of consistently maintaining existing client base, and obtaining new business (selling from behind the desk).

Essential Duties and Responsibilities

• Capable of coordinating, processing, and disbursing basic residential and refinance transactions with moderate assistance or support, as defined by management.
• Continuing to evolve proactive problem-solving skills.
• Communicates and confirms information about a transaction with principals, agents, lenders, and/or other parties.
• Verifies and reviews all information in the preliminary report/title commitment while clearing title requirements by researching discrepancies, obtaining lien releases, and clearing any other encumbrances.
• Task to Central Processing Unit, Title, and team members (as available and applicable).
• Prepares and/or directs preparation of required documents, escrow instructions, prepare closing statements and disclosures. (i.e., settlement statements, tax reporting, etc.) detailing the accounting of the transaction in accordance with all state and federal regulatory requirements.
• Prepare funding packages, provide conditions, receipt in lender funds, authorize loans to fund, and disburse funds.
• Schedule appointments, assemble documents for signing for both in office signings and out of office signings including coordination of mobile notary services.
• Conducts signings of documents with customers.
• Satisfies requirements for the issuance of title insurance including preliminary report/title commitment review and clearing with limited oversight and support. Assembles and submits completed Policy Write Up instruction to the Title Department. This includes reviewing all documents to be recorded for accuracy and completeness.
• Correctly calculates the Company's fees, charges, and title premium(s) pursuant to the applicable rate rules and guidelines regarding filed or posted rates applicable to the county and state. Intermediate level of competency to use and interpret these resources to independently calculate fees, charges, and premiums on transactions beyond the automated and/or provided fee calculator tools and resources.
• Resourceful, analytical and takes the initiative to tackle challenges head-on, bringing innovative solutions and confident decision-making to our team, and maintaining resilience and attention to detail to anticipate and mitigate potential issues.
• Actively assist with business development including but not limited to collaboration with Sales Executives, maintaining and growing existing client relationships, building new business, attending events, etc.
• Attends industry or real estate functions representing the Company as directed/approved by management.

Knowledge and Skills Required to be Successful

• Fully executes and delivers on projects and initiatives in alignment with current role.
• Stays current with regulations, procedures, and policies by using emerging technologies, learning resources, professional relationships, and other resources.
• Always maintain the highest level of customer service.
• Always maintains confidentiality.
• Thoroughly documents all conversation and actions on a transaction file to ensure clarity, accountability, and transparency in all transactions.
• Ability to adopt and adapt to changing industry trends, business skills and technology including facilitation and support for the staff to do the same. Will support, cooperate, engage, and contribute to Company goals, projects and initiatives related to technology, production processing standards to meet business needs.
• Must have an intermediate understanding of accounting principles (debits and credits).
• Intermediate knowledge of title insurance policies, and endorsements.
• Intermediate knowledge of escrow, closing documents and terminology.
• Notary commission preferred.

Benefits

• Comprehensive medical, prescriptions, dental and vision plans
• 401(k) plan with a discretionary company match
• Shareholder Purchase and Reinvestment Plan
• Basic life and accidental death and dismemberment insurance premium paid by the company
• Voluntary supplemental life insurance for employees, spouses and dependent children
• Fertility and Family Building Benefits
• Paid Disability benefits
• Paid time off programs
• 11 Company paid holidays per year
• Flexible spending account
• Health savings account (available to High Deductible Health Plan participants only)
• Employee Assistance Program
• Educational Assistance Program
• Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance
• Title insurance policies and certain escrow services for the employee's primary personal residence at no charge
• Transportation benefit plan for mass transit, parking and vanpool, in several markets

Old Republic Title is an Equal Opportunity Employer