Escrow Officer

Escrow Officer

Location: Phoenix Metropolitan Area

Category: Full-time

Schedule: Regular business hours

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Responsibilities

Responsible for establishing new escrow accounts and process escrow documents in accordance with established policies and procedures.

• Complete real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds.
• Determine escrow requirements by studying and clarifying buyer, seller, and lender instructionsObtain clear title by ordering Commitments for Title insurance; resolving title defects; satisfying title and settlement requirements against the property or principals
• Establishes escrow account by depositing funds; maintaining records
• Prepare transaction documents by completing forms and statements; collecting and reviewing existing documents
• Complete calculations by prorating taxes and interest
• Complete closing transaction documents by assembling documents; reviewing papers with parties; answering questions; checking documents for completeness and accuracy; obtaining signatures
• Complete closing by recording and filing documents; preparing and distributing final closing statements and title
• Prepares HUD by utilizing lender instructions
• Close escrow account by balancing and disbursing funds
• Complies with regulatory requirements by adhering, and enforcing adherence, to all applicable regulations
• Update and enhance job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations
• Enhance organizational reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments
• Genuinely adhere to a strict code of honor, integrity and a great work ethic

Qualifications

• High School diploma or equivalent
• 2- 4 years related experience with 3+ years' experience directly handling escrow transactions as an escrow assistant
• Knowledge and familiarity of Microsoft Office applications
• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals
• Ability to write routine reports and correspondence
• Ability to verbally communicate effectively with customers and employees
• Ability to calculate figures and amounts such as pre-paid or accruing interest, sales commissions, proportions, percentages
• Ability to apply basic mathematical computations
• Escrow Officer Certification from the Escrow Association or completion of escrow officer training program by a qualified title company
• Working knowledge of escrow software system, such as FAST