Senior Escrow Officer

Company: First American Title Company
Location: Salinas
Posted on: June 20, 2022

Job Description:

Company SummaryJoin 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 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 six 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.Job SummaryResponsible for handling real estate transactions by establishing new escrow accounts, managing funds, processing documents for closings, and completing settlements in accordance with established policies and procedures. Acts as a neutral liaison between file parties, adheres to company policy, and monitors and mitigates risk to the company.Essential FunctionsManages more complex and larger dollar size transactions. Able to recognize complexity within a transaction and knows how to manage various components of a transaction due to depth and breadth of experience. Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds.Determines closing requirements by studying and clarifying buyer, seller, and lender instructions.Orders title reports for issuing title insurance, resolving title defects; satisfying existing liens and encumbrances against property or principals.Establishes escrow account by depositing funds; maintaining records.Prepares transaction documents by completing forms and statements; collecting and reviewing existing documents.Completes calculations by prorating taxes and interest.Completes closing transaction documents by assembling documents; reviewing papers with parties; explaining provisions and procedures; answering questions; checking documents for completeness and accuracy; obtaining signatures.Completes closing by recording and filing documents; preparing and distributing final closing statements and title. Prepares settlement statement by utilizing lender instructions.Closes escrow account by balancing and disbursing funds.Complies with regulatory requirements and company policy by adhering, and enforcing adherence, to requirements.Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.Knowledge and Skills/Technology UsedKnowledge of standard concepts, practices, and procedures within the escrow/title industry fieldKnowledge of Microsoft Office applicationsGood client relations and organizational skillsAbility to write reports and correspondenceAbility to speak effectively before groups of customers or employees of organizationAbility to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volumeDetail-oriented and professional; able to handle confidential informationAbility to deal with multiple types of roles such as real estate sellers, buyers, agents and brokersTypical EducationHigh School diploma or equivalentTypical Range of Experience4-6 years' experience as an Escrow OfficerSpecialized knowledge in one or more escrow product areasLicense or CertificationValid Licensing/Certification as required by applicable stateFirst American invests in its employees' development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer.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.

Keywords: First American Title Company, Salinas , Senior Escrow Officer, Other , Salinas, California