Escrow Assistant Job Description
Escrow assistant
provides administrative support to the assigned organization using standard office equipment, corporate systems, processes, policies and procedures.
Escrow Assistant Duties & Responsibilities
To write an effective escrow assistant job description, begin by listing detailed duties, responsibilities and expectations. We have included escrow assistant job description templates that you can modify and use.
Sample responsibilities for this position include:
Develops and executes a system for clerical duties and file coordination that adhere to company’s policies and procedures and appeal to the Team
Opening orders, input closing statements from a worksheet prepared by the most talented Escrow Officers in the industry
Prepare for closings and handle the complete disbursement and follow up of all escrow transactions
Interpret earnest money agreements as they relate to closing and prepare all documents require for transactions
Assisting with pre-closing preparation and/or post-closing tasks while supporting the Escrow Officer
Will read contracts, commitments and orders in preparation for the closing assemble the necessary documents to prepare the file
Assistant will maintain the files, record the appropriate documentation, send out checks once the closing is complete and transmit documents to the lender
Assisting with both front end processing and post-closing/funding tasks while supporting the Escrow Officer
Coordinating the collection of information in connection with both Residential and Commercial Real Estate transactions
Assistant will help to maintain the files, record the appropriate documentation, and any other backend processing
Escrow Assistant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Escrow Assistant
List any licenses or certifications required by the position: HOA
Education for Escrow Assistant
Typically a job would require a certain level of education.
Employers hiring for the escrow assistant job most commonly would prefer for their future employee to have a relevant degree such as Collage and Associate Degree in Technical, Education, Associates, Mathematics, Communication, Business, Law School, English, Languages, Computer
Skills for Escrow Assistant
Desired skills for escrow assistant include:
Company
MS Office suite
Client operating systems
Front- and back-end processing procedures
Organization and escrow policies and practices
Microsoft Office applications
Contract and commitment
Company policies
Fast
General office equipment
Desired experience for escrow assistant includes:
Order payoffs
Experienced escrow processing including HUD-1/CD preparation
Order payoffs and final utilities for files
Minimum of 2 years of Escrow processing experience
Escrow experience preferred, but will train the right candidate
A minimum of 2 years Escrow experience required
Escrow Assistant Examples
1
Escrow Assistant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of escrow assistant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for escrow assistant
- Answer and handle all Email’s/ phone calls that come in related to Escrow
- Upload Documents and data entry
- Process payments correctly and in a timely manor
- Handle unclaimed property appropriately and correctly
- Work with high attention to detail
- Follow-up with clients in a timely manor
- Prior to closing, call and confirm with lenders how the packages are being sent
- The goal of the Disbursement Solutions Group is to limit the number of outstanding checks for the operations assigned to it
- Contacts the payee and/or direct operations for verification to reissue
- Reissues checks when warranted
Qualifications for escrow assistant
- Minimum of 1 year Escrow experience preferred, but will train the right candidate
- Must be able to review a GL to understand payments, adjustments, debits, credits
- Minimum of 2 years of escrow experience preferred, but will train the right candidate
- A minimum of 3 years of Escrow experience (pre and post-closing) required
- Minimum 1 year escrow assistant experience
- Real Estate license is a plus
2
Escrow Assistant Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of escrow assistant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for escrow assistant
- Provides support to the Escrow Officer by performing such duties as file set-up, scheduling, coordinating with other departments, file monitoring, customer contact and back-up in the absence of the Escrow Officer
- Conducts closing transactions as a neutral third party, compiles loan documents, title research and Real Estate Agent instructions
- Assist Escrow Officer and Title Officers to clear title on some transactions
- Support the Escrow Officer in handling real estate escrow transactions by determining closing requirements
- Obtain clear title by resolving title defects
- Review and package signed loan documents for delivery to lender
- Support Escrow Officer and prepare ALTA Settlement Statements based on lender instructions
- Ability to work in a team environment with various departments
- Provides a very high level of customer service to all parties involved in the transaction
- Responds to all questions and requests surrounding the transaction in a timely and helpful manner
Qualifications for escrow assistant
- Experience with RamQuest system preferred
- Streamline & GreenFolders knowledge is a plus
- Escrow processing experience preferred
- Minimum 2 years escrow assistant experience
- Comprehensive understanding of pay off per diems & tax prorations, interest
- 1- 2 years experience as an Escrow Assistant or a minimum of 3 years experience in a related real estate or title field
3
Escrow Assistant Job Description
Job Description Example
Our innovative and growing company is looking for an escrow assistant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for escrow assistant
- Interpret earnest money agreements as they relate to closing and prepare all documents required for
- Preparing and circulates "needs" sheet
- Obtaining HOA information
- Ordering payoff
- Reviewing file for inspection, insurance, bills, and obtain missing information
- Obtaining insured closing letters
- Transferring earnest money
- Obtaining mail-out information and prepare package for sending
- Obtaining all supporting documentation for disbursement
- Completing 1099's
Qualifications for escrow assistant
- Some closing office or title/escrow experience & familiarity with HUD/CDF/settlement statements is preferred
- Some experience with bank reconciliation is preferred
- 1- 2 years experience as an Escrow Assistant I or a minimum of 3 years experience in a related real estate or title field
- 2+ years experience in an escrow related experience
- At least 1 year of direct escrow experience preferred
- Experience with MS Office including Word and Excel is required
4
Escrow Assistant Job Description
Job Description Example
Our company is growing rapidly and is looking for an escrow assistant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for escrow assistant
- Clearing Schedule C issues
- Review loan documents to determine closing requirements
- Prepare ALTA Settlement Statements based on lender instructions
- Monitor electronic queues for task assignments
- Identify, verify, and calculate balances due and update statements and legal documents
- Oversee paperwork associated with transactions, such as titles, insurance and others
- Open and monitor escrow accounts, transferring funds and communicating with involved parties
- Record and file documents legally, communicating with buyer and seller
- Handle all file requirements prior to closing
- Obtain most past and present tax information
Qualifications for escrow assistant
- Strong written and verbal skills to effectively communicate and present at all levels
- High level of demonstrated customer service, and time management skills
- Ability to read and interpret documents such as underwriting guideline matrix, lender's instructions, trust agreements and preliminary title reports/commitments
- Exposure to Escrow Closings on a National Basis, preferred but not required
- Exposure to high volume, paperless office environment required
- Ability to handle high volume refinance accounts required
5
Escrow Assistant Job Description
Job Description Example
Our company is looking for an escrow assistant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for escrow assistant
- Compiling and processing escrow instruction packages
- Managing customer queries
- Acting as a liaison between the customer and parties involved in transactions
- Preparing reports and spreadsheets regarding sales and property inventory
- Resolving client requests
- Performs a wide range of administrative duties to gather information and assist in the escrow process
- Communicates requirements and other information to clients
- Interprets various agreements as they relate to closing and prepare all documents required for transactions
- Type various amendments, including complicated amendments
- Execute all types of escrows inclusive of resale, refinance, REO, foreclosures and short sale transactions
Qualifications for escrow assistant
- Broad experience with escrow transactions
- 4+ years experience directly related experience
- Needs proficiency in more complicated residential transactions
- Preferred experience in banking, mortgage or real estate
- 2+ years experience in an escrow related experien
- Type escrows, refund checks, set up files for recording and balance (detailing checks) closings