Job description
The Senior Escrow Officer /Branch Manager will be responsible for developing, enhancing, and executing escrow processes. Process escrow documents in accordance with established policies and procedures. Complete real estate escrow transactions by determining requirements, clearing titles, assembling, preparing, and reviewing closing documents. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.
What you'll do:
- Complete transaction documents by assembling documents, reviewing papers with parties, explaining provisions and procedures, answering questions, checking documents for completeness and accuracy, and obtaining signatures.
- Facilitate Buyers’ / Borrowers’ Loan closing. Obtain loan information and loan documents from the lender(s) and comply with lenders' instructions. Schedule the loan closing and contract a notary to witness the execution of the loan documents.
- Develop, guide, and supervise a team of escrow officers and escrow assistant(s).
- Complete closing by advising the title company to record and file documents; prepare and distribute final closing statements and escrow documents.
- Close escrow account by balancing and disbursing funds.
- Determine escrow requirements by studying and clarifying buyer, seller, and lender instructions.
- Audit files ensuring all documents are completed within a set timeframe.
- Establish an escrow account by depositing funds and maintaining records.
- Prepare transaction documents by completing forms and statements; collecting and reviewing existing documents.
- Complete calculations by prorating taxes, interest, and other fees/costs as applicable.
- Comply with regulatory requirements by adhering, and enforcing adherence to requirements.
- Maintain records in the escrow accounting system and customer database.
- Update job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.
- Enhance organization reputation and capability by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
- Understand the concepts of trust accounting and ensure that all escrow transactions they process are compliant with the best practices both while the escrow is open and post-closing.
- Perform other duties as assigned.
Qualifications
What you'll need:
- High school diploma or equivalent work experience.
- Five (5) or more years experience as an Escrow Officer in an escrow office with progressive responsibility.
- Book of Business and a client base
- Notary Public commission preferred, but not required.
- Prefer candidates located in Los Angeles County.
Very competitive Commission Structure
We are an Equal Opportunity Employer
Job Type: Full-time
Pay: $5,000.00 - $6,000.00 per month
Benefits:
Physical setting:
Schedule:
Application Question(s):
- Do you have an active Book of Business \ Client Base?
Experience:
- Escrow Officer: 5 years (Required)
Work Location: In person