Escrow Closer
Bellevue, TN 37221, United States
Job Description
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JOB SUMMARY
Our Escrow Officer prepares the final settlement statement and documents for closing, or delegates to the Escrow Assistant and/or Processor, with ultimate responsibility for the work product. S/He is required to possess the knowledge and experience necessary to efficiently handle any situation that may arise during preparation of the settlement statement and closing documents. This position is also charged with safeguarding all monies entrusted to the Company. This position works closely with all members of the team.
DUTIES & RESPONSIBILITIES include but are not limited to:
- Safeguards all escrow monies entrusted to the Company
- Ultimately responsible for accuracy and completeness of all files listed as Escrow Officer on and/or of the Series
- Supervises Escrow Assistant and Processor
- Assure files balance, prior to closing
- Reviews documents needed to prepare settlement statement (i.e., demands, loan documents, and insurance)
- Reviews title commitment to assure all requirements have or will be met with closing
- Send preliminary package to lender (commitment, CPL, E&O, wiring instructions & prelim CD)
- Prepares settlement statements for closing, including input of all relevant data and lender figures
- Assures lender and company are in balance for funding
- Prepares all documents necessary to facilitate closing
- Provides further document assistance to Managing Attorney, Staff Attorney, as assigned
- Sends settlement statement, once balanced with lender, to Agents for review and approval
- Sends settlement figures to Seller, if requested by Listing Agent
- Communication with parties as needed
- Submits funding package to lender, if required, to obtain authorization to disburse, working in conjunction with the Closer
- Receipts, deposits, and disburses all funds from company escrow account
- Prepares fee quotes for prospective clients/transactions
- Follows company standards and practices when processing transactions, as well as applicable state laws and guidelines
- Returns all calls, voicemails, and emails in a timely manner
- Review of closing documents prior to closings
- Final review of title commitment and settlement statement
- Prepare closing file for closings, ensuring all lender closing instructions are followed
- Perform closings in office and off-site
- Coordinate split closings
- Notifies correct party to release outgoing wires when disbursement is appropriate, including submitting funding requirements to lender when necessary
- Assists with resolution of post-closing issues
- Keeps detailed record of activities within processing software
- Possesses knowledge in all areas of escrow and title operations
- Conducts self in a manner of professional integrity (e.g., with regard to self, clients, team members, direct supervisors, and local businesses)
- Performs other duties as assigned by supervisor
- Adheres to company policies and guidelines
QUALIFICATIONS EXPERIENCE Minimum of Five to Ten (5-10) years of experience is preferred.
EDUCATION
- High School Diploma required
- Bachelor\xe2\x80\x99s Degree preferred
CERTIFICATIONS, LICENSES, INSURANCE
- Title Insurance license preferred
KNOWLEDGE Must be familiar with standard concepts, practices, and procedures within the title industry field.
SKILLS
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- Adaptability: adapts to new, different, or changing requirements
- Attentive to details
- Critical thinking: uses logical thought processes to analyze and draw conclusions
- Customer focused: is pleasant, courteous, and professional when dealing with internal and external customers or clients
- Decision making: applies critical thinking skills to solve problems; identifies and prioritizes the key issues involved to facilitate the decision-making process
- Dependable and reliable: displays responsible behaviors at work
- Integrity: treats others with honesty, fairness, and respect
- Planning and organizing: plans and prioritizes work to manage time effectively and accomplish assigned tasks
- Professional: maintains a professional demeanor at work
- Reading: reads and comprehends documents ranging from simple and straightforward, to more complex and detailed; attains meaning and comprehends core ideas from written materials and applies what is learned
- Respectful: works effectively with those who have diverse backgrounds
- Team player: works effectively with others
- Technology: uses information technology and related applications to convey and retrieve information; demonstrates strong computer/typing skills in Microsoft Office, email programs, accounting software, and internet browsers
- Verbal communication: maintains open lines of communication with others; speaks clearly, in precise language and in a logical, organized, and coherent manner
- Writing: uses standard English to clearly communicate thoughts, ideas, and information in written form
- NOTE: Skills list resourced in part from Common Employability Skills, National Network of Business and Industry Associations, 2014. Print and online at: http://www.nationalnetwork.org/wp-content/uploads/2015/05/Common_Employability_Skills-03-30-152.pdf.
ESSENTIAL JOB FUNCTIONS (including physical requirements)
- This position requires repetitive use of a keyboard, bending, sitting, squatting, and simple grasping.
- This position requires use of one\xe2\x80\x99s own vehicle for transportation during the workday.
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Job Detail
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Job IdJD4264385
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationBellevue, TN 37221, United States
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EducationNot mentioned