Escrow Officer

Escrow Officer: 
 

An Escrow Officer is responsible for facilitating the hold and transfer of funds for buyers, sellers and lenders. These transactions involve real estate property, where escrow officers act as an intermediary between different parties. The Escrow Officer must make sure that all parties fulfill their legal and financial obligations before funds are disbursed and escrow transactions are completed. 

Duties and Responsibilities: 

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

• Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds. 

• Determines escrow requirements by studying and clarifying buyer, seller, and lender instructions. 

• Obtains clear title by resolving title defects; satisfying existing liens and encumbrances against property or principals. 

• Prepares transaction documents by completing forms and statements; collecting and reviewing existing documents. 

• Completes calculations by prorating taxes and any other necessary prorations. 

• 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. 

• Prepares HUD by utilizing lender instructions. 

• Closes escrow account by balancing and disbursing funds. 

• Complies with regulatory requirements. 

• Uses problem solving skills to create solutions. 

Qualities we are looking for: 

• Strong Work Ethic 

• Problem Solver 

• Professional Demeanor 

• Reliable 

• Deadline Oriented 

• Excellent Computer Skills 

• Enthusiastic Team Player 

• Positive Attitude