Job Description

Escrow Officer (Residential Sales/ REFI)

DUTIES:

• Complete real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds
• Determine escrow requirements by studying and clarifying buyer, seller, and lender instructions
• Obtain clear title by ordering title reports; resolving title defects; satisfying existing liens and encumbrances against property or principals
• Establish escrow account by depositing funds; maintaining records
• Prepare transaction documents by completing forms and statements; collecting and reviewing existing documents
• Complete calculations by prorating taxes and interest
• Complete closing transaction documents by assembling documents; reviewing papers with parties; explaining provisions and procedures; answering questions; checking documents for completeness and accuracy; obtaining signatures
• Complete closing by recording and filing documents; preparing and distributing final closing statements and title
• Close escrow account by balancing and disbursing funds
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations