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Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds.
Determines closing requirements by studying and clarifying buyer, seller, and lender instructions.
Orders title reports for issuing title insurance, resolving title defects; satisfying existing liens and encumbrances against property or principals.
Establishes escrow account by depositing funds; maintaining records.
Prepares transaction documents by completing forms and statements; collecting and reviewing existing documents.
Completes calculations by prorating taxes and interest.
Completes closing transaction documents by assembling documents; reviewing papers with parties; explaining provisions and procedures; answering questions; checking documents for completeness and accuracy; obtaining signatures.
Completes closing by recording and filing documents; preparing and distributing final closing statements and title. Prepares settlement statement by utilizing lender instructions.
Closes escrow account by balancing and disbursing funds.
Complies with regulatory requirements and company policy by adhering, and enforcing adherence, to requirements.
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Knowledge and Skills/Technology Used
Familiar with standard concepts, practices, and procedures within the escrow/title industry field
Knowledge of Microsoft Office applications
Good client relations and organizational skills
Ability to write reports and correspondence
Ability to speak effectively before groups of customers or employees of organization
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume
Detail-oriented and professional; able to handle confidential information
Ability to deal with multiple types of roles such as real estate sellers, buyers, agents and brokers
High School diploma or equivalent
Typical Range of Experience
2-4 years related experience
Experience directly handling escrow transactions as an escrow assistant preferable
License or Certification
Valid Licensing/Certification as required by applicable state
Company invests in its employees’ development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. Company is committed to diversity and inclusion. We are an equal opportunity employer.
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