Escrow Officer

First American; Fort Worth (TX); On-site; USD 40,000 - 80,000; Full time

Job summary

An established industry player in real estate services is seeking a detail-oriented Escrow Officer to manage real estate transactions. This role involves establishing escrow accounts, preparing and reviewing closing documents, and ensuring compliance with regulatory requirements. The ideal candidate will have a strong background in client relations and organizational skills, along with a high school diploma and relevant experience in escrow transactions. Join a company that values diversity and offers a comprehensive benefits package, including medical, dental, and 401k plans, in a supportive environment where you can thrive.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401k

Paid Time Off

Employee Stock Purchase Plan

Qualifications

• 2-4 years of experience handling escrow transactions preferred.
• Valid licensing/certification as required by the applicable state.

Responsibilities

• Complete real estate escrow transactions by preparing and reviewing closing documents.
• Act as a neutral liaison between file parties and ensure compliance with policies.

Skills

Client Relations

Organizational Skills

Effective Communication

Detail-oriented

Mathematical Skills

Education

High School Diploma or Equivalent

Tools

Microsoft Office

Job description

Who We Are

Join a team that puts its People First! First American's Direct division provides comprehensive title insurance protection and professional settlement services for real estate purchases, refinances, and equity loans. Since 1889, First American (NYSE: FAF) has believed in its people. We are passionate about fostering an environment where everyone feels welcome, supported, and empowered to innovate and reach their full potential. Our inclusive, people-first culture has earned us numerous accolades, including being named to the Fortune 100 Best Companies to Work For list for ten consecutive years. We have also received awards as a best place to work for women, diversity, and LGBTQ+ employees, and have been featured on more than 50 regional best places to work lists. First American strives to be a great place to work for all. For more information, visit www.careers.firstam.com.

What We Do

Responsible for handling real estate transactions by establishing new escrow accounts, managing funds, processing documents for closings, and completing settlements according to established policies and procedures. Acts as a neutral liaison between file parties, adheres to company policy, and monitors and mitigates risk. This role is based in our Fort Worth branch.

Job Description

HOW YOU'LL CONTRIBUTE

1. Complete real estate escrow transactions by determining requirements, clearing titles, assembling, preparing, and reviewing closing documents, and disbursing funds.
2. Determine closing requirements by studying and clarifying buyer, seller, and lender instructions.
3. Order title reports for issuing title insurance, resolving title defects, and satisfying existing liens and encumbrances against property or principals.
4. Establish escrow account by depositing funds and maintaining records.
5. Prepare transaction documents by completing forms and statements, and reviewing existing documents.
6. Complete calculations by prorating taxes and interest.
7. Complete closing transaction documents by assembling documents, reviewing papers with parties, explaining provisions and procedures, answering questions, checking documents for completeness and accuracy, and obtaining signatures.
8. Close escrow by recording and filing documents, and preparing and distributing final closing statements and titles.
9. Prepare settlement statement using lender instructions.
10. Close escrow account by balancing and disbursing funds.
11. Ensure compliance with regulatory requirements and company policies.
12. Update job knowledge through educational opportunities, reading professional publications, maintaining networks, and participating in professional organizations.
13. Other duties as assigned.

WHAT YOU'LL BRING

Required Education, Experience, and Certification/Licensure:

• High School diploma or equivalent
• 2-4 years related experience
• Experience handling escrow transactions as an escrow assistant is preferable
• Valid licensing/certification as required by the applicable state

KNOWLEDGE, SKILLS, AND ABILITIES (KSAs)

• Familiarity with standard concepts, practices, and procedures within the escrow/title industry
• Knowledge of Microsoft Office applications
• Good client relations and organizational skills
• Ability to write reports and correspondence
• Effective communication skills for speaking before groups of customers or employees
• Ability to calculate figures such as discounts, interest, commissions, and percentages
• Detail-oriented and professional; able to handle confidential information
• Ability to interact with various roles including real estate sellers, buyers, agents, and brokers

What We Offer

We embrace individuality and support diversity, equity, and inclusion as key to our success. Our People First Culture encourages you to bring your entire, unique self to work. First American is an equal opportunity employer. We offer a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave, and other benefits like an employee stock purchase plan.