Commercial Escrow Officer

First American; Minneapolis (MN); On-site; USD 42,567 - 56,743; Full time

Benefits offered by this job

Comprehensive benefits package including medical, dental, vision

401k and employee stock purchase plan

PTO/paid sick leave

Job summary

A leading commercial real estate firm in Minneapolis is seeking a Commercial Escrow Officer to manage escrow transactions and provide outstanding customer service. This role requires 2-4 years of experience in escrow, preferably within the commercial sector, and a commitment to client satisfaction. Responsibilities include processing escrow documents, ensuring compliance with regulations, and managing funds to deliver exceptional service to clients. The ideal candidate will possess strong communication skills and thrive in a team-oriented environment.

Qualifications

• 2-4 years of escrow related experience as an Escrow Officer, preferably in Commercial.
• Passion for helping customers while maintaining a professional and positive attitude.
• Excellent verbal and written communication with both internal and external customers.

Responsibilities

• Establish new commercial escrow accounts and process escrow documents.
• Complete commercial real estate escrow transactions by acting as a liaison between buyer, seller, and lender.
• Ensure all funds are properly accounted for and disbursed.

Skills

Customer service

Verbal and written communication

Problem solving

Organizational skills

Team collaboration

Education

High School Diploma/Equivalent

Tools

Escrow management software

Job description

Who We Are

Join a team that puts its People First! As a member of First American's family of companies, National Commercial Services provides single-point service for simple to multi-property/multi-state national commercial real estate transactions. Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for ten consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com.

What We Do

Work as a dynamic team providing best in class service and support in the commercial real estate space. At First American we provide our teams with the support, tools, and technology that they need to ensure that providing unparalleled customer service is your primary focus. We are looking to add a Commercial Escrow Officer to our growing team. In this role you will be responsible for establishing new commercial escrow accounts and processing escrow documents in accordance with established policies and procedures. This position plays a key role in transforming the commercial real estate experience by empowering our employees and customers to deliver next-generation solutions and results.

What You’ll Do

• Continually grow and service the business by providing outstanding customer service
• Complete simple and complex commercial real estate escrow transactions by determining requirements and acting as a neutral liaison between buyer, seller, and lender
• Work cross-functionally with Underwriting to monitor and mitigate risk to the company
• Responsible for ensuring that all funds are properly accounted for and disbursed in accordance with the terms of the contract
• Complete closing by reviewing, recording, and filing documents including preparing and distributing final closing statements and title, ensuring adherence to delivery dates and timelines
• Prepare regular reports on the status of the escrow account and provide these reports to the parties involved in the transaction
• Prepare legal documents for the closure of the sale
• Comply with regulatory requirements by adhering, and enforcing adherence, to requirements

What You’ll Bring

• 2-4 years of escrow related experience as an Escrow Officer, preferably in Commercial
• Passion for helping customers while maintaining a professional and positive attitude
• Excellent verbal and written communication with both internal and external customers; uses various types of communication to meet customer expectations and build relationships
• Problem solving with strong organizational skills, detail oriented and knows how to navigate internal and external resources to resolve issues
• May require escrow officer certification dependent upon state
• Comfortableness working with technology and proprietary programs; adapts quickly to new software applications and technologies
• Thrives in contributing to a team, working together to deliver beyond customer expectations
• High School Diploma/Equivalent

Pay Range: $30.90 - $41.19 Hourly

What We Offer

By choice, we don’t simply accept individuality – we embrace it, we support it, and we thrive on it! Our People First Culture celebrates diversity, equity and inclusion not simply because it’s the right thing to do, but also because it’s the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term. Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.