Administration > Escrow Officer
Escrow Officer
Remote
Escrow Officers work directly with buyers and sellers, typically as part of a title insurance or an independent escrow company. In addition to scheduling and preparing for closings, an Escrow Officer performs important closing duties, ensuring the successful transfer of real property from sellers to buyers. An Escrow Officer can help your company remain legally compliant throughout the transaction.
An Escrow Officer assists with the real estate closing process, the final step in purchasing property. Their duties include assembling and distributing closing statements, performing title searches and ensuring each escrow account has the funds to cover the buyer’s property taxes and homeowners insurance premiums.
A Escrow Officer should be able to fulfill various duties and responsibilities. The following are some duties and responsibilities a Escrow Officer should be able to execute:
- Sending completed loan documents to mortgage companies
- Scheduling real estate closings
- Performing title searches
- Obtaining signatures on important documents
- Procuring assumption and payoff statements
- Ensuring escrow funds have been deposited
A competitive Escrow Officer will have certain skills and qualifications, including:
- Familiarity with Homeowners Association (HOA) documentation and requirements
- Ability to manage clients’ funds
- Knowledge of property tax bills
- Time management skills to meet transaction deadlines
- Basic math skills to oversee closing costs or property-related transactions
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