ESCROW ASSOCIATE

Job Description

Job Description

SUMMARY

The Title Escrow Assistant I assists Title Closers in coordinating real estate closing transactions, processes payments and maintains records of mortgage loans.

• Types letters, forms, checks, and other documents used for collecting, disbursing, and recording in relation to the closing of the transaction
• Executes terms of contract or trust agreement, such as holding money or legal papers, paying off mortgagees, or paying sums to designated parties
• Answers customers’ inquiries regarding mortgage account and corrects records if needed
• Files and delivers deeds and other legal documents
• Records disbursement of funds to pay insurance and taxes
• Types notices to government, specifying changes to loan documents, such as discharge of mortgage
• Calls or writes loan application to obtain information for bank official
• Orders services, such as property insurance, termite policies, and surveys, from third party providers as dictated by the real estate contract and/or separate closing instructions
• Enters final data in computer to generate appropriate closing documents
• Examines documents such as deeds, assignments and mortgages, to ensure compliance with escrow instructions, institution’s policy and legal requirements
• Reviews printouts of allocation for interest, principal, insurance, or tax payments to locate and correct any errors
• Performs all other duties as assigned

SUPERVISORY RESPONSIBILITIES

1. No supervisory responsibilities

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

1. High school diploma or GED and
2. 2 years of experience or equivalent combination of education and experience
3. Bookkeeping and accounting experience preferred

COMPUTER AND OFFICE EQUIPMENT SKILLS

1. Microsoft Office suite