Real Estate Escrow Officer

McMichael and Gray, PC; Mobile (AL); On-site; USD 42,000 - 54,000; Full time

Job summary

McMichael and Gray, PC is seeking an Escrow Officer to oversee final review of mortgage loan information, prepare closing documents, and ensure accurate funding of files. You will coordinate with lenders and title professionals to ensure all steps are completed accurately and on time.

Responsibilities include scheduling closings, typing closing documents, assembling packages for closing, and ensuring all required disclosures are in the file. Experience with closing processes is advantageous.

Responsibilities

• Schedules loan closing, reviews approved mortgage loan to determine conditions prior to closing.
• Types closing documents for all transactions and ensures funding is accurate and timely.
• Assembles documents for delivery to title company, real estate broker, or lending officer.
• Ensures disclosures have been assigned and are in the loan file.
• Communicates with the lender to balance the Closing Disclosure before closing.
• Receives funding authorization to disburse funds to parties.
• Ensures clearance of all title requirements and pays off liens.
• Calculates per diem items paid at closing and verifies timely payment via wire/overnight tracking.
• Confirms receipt and disbursement of funds, and proper execution of documents.
• Presents documents professionally to all parties.

Job description

Escrow Officer -

Job Summary: The Closer is responsible for final review of mortgage loan information, preparing closing documents, funding the file accurately and sending closing documents to the closing attorney.

Responsibilities and Duties:

Schedules loan closing, complies and types closing documents: Reviews approved mortgage loan to determine conditions that must be met prior to closing.

• Ensures mortgage loans are funded accurately and in a timely manner.
• Types closing documents for all transactions.
• Assembles documents for delivery to title company, real estate broker, or lending officer for closing.
• Ensures that appropriate disclosure documents have been assigned and are in the loan file.
• Communicates with the Lender of the transaction to balance the Closing Disclosure form prior to closing to ensure all numbers are accurate.
• Works with the Lender of the transaction to receive funding authorization to disburse funds to parties.
• Responsible for clearance of all title requirements.
• Responsible for payment in full and cancelation of all liens against the property, including, but not limited to, payoff of mortgage, loans, HOA, fifas, taxes, outstanding utility bills, etc.

-Ensures that all items being paid at closing is calculated with per diem past closing date and shifts accordingly.

• Ensures that all items being paid at closing are paid in full via wire or overnight tracking in a timely manner.
• Confirms legal documents to be recorded are accurate and total cost to record is collected at closing.
• Confirms receipt of all incoming funds from borrower and lender.
• Confirms outgoing funds for payoffs, seller proceeds and all checks cut for disbursements.
• Ensures that all documents are properly executed by all parties involved with said transaction.
• Ensures that all documents are presented to the parties of the transaction in a professional and secure manner.

-Reviews all preclosing documents for accuracy; including; HOA letters, Taxes, Termite, HBW, Lender documents, Title Examination and Commitment of Title.

-Reviews final closing documents and delivers the final file to the Post Closing department.

Experience with SoftPro is a plus. Experience in this role preferred

We offer a competitive benefits package and compensation is commensurate with experience.

Job Type: Full-time