Escrow Officer 62 views

Job Summary: Currently seeking an Escrow Office for a company located in Cuyahoga Falls, OH. The ideal candidate will have 2-3 years of experience servicing settlement expectations in real estate closings. This is a temp-to-hire opportunity, $16-18/hr.

Job Responsibilities:
– Reviewing and closing purchase contracts.
– Closing residential resales.
– REFIs
– HUD preparation.
– Reviewing lenders closing instructions.
– Disbursements.
– Reviewing title commitments.

Working hours: M-F 8am-5pm

Skills:
Qualifications:
–Must have 2-3 years of escrow experience.
–Experience with servicing settlement expectations in real estate closings is required.
–Must have a strong attention to detail.

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Escrow Officer Duties

Manage the entire real estate closing process, including compliance with real estate contracts, lender instructions, title requirements, company requirements and other written instructions.

Knowledge of the current processes and compliance closing Refinance and Purchase Transactions.
Collaborate with title department to resolve title issues such as abstracts of judgments, bankruptcies, boundary disputes, encroachments, etc.
Prepare all closing documents necessary to ensure title insurance is issued at closing.

Correspond with lenders, builders, real estate agents and attorneys as needed.

Requirements

Familiar with standard concepts, practices, and procedures within the escrow/title industry.

Experience with Residential Transactions.

Good client relations and organizational skills

Detail-oriented and professional; able to handle confidential information.

Strong communication, both verbal and written.

Ability to work independently, and as part of a team.

Ability to multitask and perform well under pressure.


Core Competencies

The Escrow Officer is responsible for effectively managing the real estate closing transaction for insuring title insurance. Takes escrow accounts from origination to closing of each loan by determining requirements; assembling, preparing, reviewing, processing, and distributing closing documents.

Must understand and Manage the entire real estate closing process for residential properties.

Will collaborate with Title Plant to secure all documents that may be required for the issuance of title insurance.

Establish escrow accounts, handle escrow funds, and maintain all appropriate records. Must be currently licenses or qualified to become licensed as an Escrow officer.

Conduct closing with customer, realtor, and loan officer and complete closing by recording and filing documents and preparing and distributing final closing statements and title policies.

Prepare HUD statements in accordance with lender instructions and applicable law. Verify against the HUD statement that all disbursements have been paid correctly

Close escrow account by balancing and disbursing funds. Ensure all payoffs have been collected, mailed, delivered or wired according to instructions. Oversee the issuance of checks, bills and statements, receipts, and any other documents needed to ensure customer satisfaction.

Technical Skills

Must have demonstrated advanced level PC skills, including knowledge of Microsoft Excel, Word, and Outlook.
Other tasks and responsibilities as assigned.
Prefer book of business. Bring your great personality, technical skills, and a positive attitude.

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The Escrow Officer is responsible to oversee the daily activities in the branch. This would include taking the incoming escrow from beginning to its conclusion and everything in between. Leave clear notes on all the files as to the work that was done.
You must be dedicated and committed to excellence in customer service, and the utmost in integrity and quality of work. You must be a team player, work efficiently with customers, clients and co-workers, with the ability to multitask, while maintaining an upbeat and professional demeanor.

Duties included but are not limited to: answering phones, typing escrow instructions, reviewing and abstracting prelims, prepare est. closing statements, prep loan docs for signing, meeting funding conditions for lenders, . Keep track of the status on all the aspects of the file and any other duties. Making calls to the buyer and seller for introductions, along with the corresponding agents. Keep in contact w/agent and give weekly report as to the progress of the transaction. Prepare file for funding. Check w/lender to see the status of the loan, which will affect closing date. Balance and close file. Sign off on check/file ledger after file is balanced. Disburse checks to appropriate parties Communicate to parties when the file has closed, and when the funds are being disbursed. If necessary prepare for refund to agents, sellers, buyers etc..

Maintain the office model and standards.

The ideal candidate must have the ability to comprehend and write instructions, correspondence, and memos (proper punctuation, spelling, grammar). Strong interpersonal skills are required. High level of organization and strong attention to detail. Must have ability to consistently meet deadlines, demonstrate strong follow through, and to follow departmental procedures. Must be comfortable working in a fast-paced, deadline-oriented environment.

You MUST have minimum 3 years’ experience as an escrow officer or 5 years’ experience as an escrow assistant. Be computer literate and familiar with escrow software systems. Streamline experience is a MUST. Notary is a plus. Familiarity with 2010 HUD Regulations.
Those without the above required experience do not need to apply, as resumes will not be looked at if the minimum requirements are not there.
Must Provide Salary History

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