Escrow Officer

In this role you will work in a dynamic, fast-paced setting providing best in class service and support in the commercial real estate space. This role requires exceptional decision-making skills, strong communication skills, and the ability to multi-task as part of a team. As an Escrow Officer, 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.

How you will contribute

• Establish escrow accounts and act as a neutral liaison between file parties, adhere to company policy, and monitor and mitigate risk to the company.
• Complete real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents.
• Ensure all funds are properly accounted for and disbursed in accordance with the terms of the contract and our company policy.
• Determine closing requirements by studying and clarifying buyer, seller, and lender instructions.
• Establish escrow account by depositing funds; maintaining records.
• Prepare transaction documents by completing forms and statements; collecting and reviewing existing documents.
• Prepare regular reports on the status of the escrow account and provide these reports to the parties involved in the transaction.
• 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 (or confirming the recordation and filing of) documents, prepare settlement statements utilizing lender instructions and in accordance with established policies and procedures, and distribute final closing statements and title.
• Close escrow account by balancing and disbursing funds.
• Comply with regulatory requirements and company policy by adhering, and enforcing adherence, to requirements.
• Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Use technical bulletins and other resources to evaluate and resolve problems.
• Collaborate with other members of the commercial team as necessary.