Escrow Officer

JOB SUMMARY

The Escrow Officer acts as a neutral third party to accept documents and funds with instructions to release said documents and funds upon completion of certain conditions. This position establishes new escrow accounts, processes and obtains necessary items in accordance with established policies and procedures. This position also orders title reports, resolves title defects, prepares settlement statements, escrow instructions and coordinates bringing the transactions to a close.

ESSENTIAL FUNCTIONS :

• Communicate with lenders, real estate licensees, attorneys and brokers in processing transactions.
• Prepare and review Buyer and Seller settlement statements and closing disclosures for approval. Obtain approval from lenders, buyers, sellers and agents.
• Schedule appointments with clients.
• Present the documents to the buyer and seller at closing and act as a notary public.
• Prepare escrow documents.
• Balance funding amounts and satisfy requirements with lenders.
• Accurately handle a high volume of clients and files.
• Collaborate with the title department to resolve title issue issues (e.g. legal descriptions, easements, lot split, vesting, tax liens, judgements, bankruptcies, boundary disputes and encroachments).
• Review title reports to determine what items need to be addressed. Explain title reports to customers as necessary.
• Review industry publications to remain knowledgeable of changes in law and practices affecting the insurance of title policies.
• Maintain State of Alaska Division of Insurance License.
• Adhere to company policy and guidelines.
• Always maintains confidentiality.
• Work as a "team-player" with co-workers in a respectful and supportive manner.
• Seek and participate in development and training opportunities.
• Work in a constant state of alertness and in a safe manner.
• Perform other duties as assigned.

SUPERVISORY FUNCTIONS :

This position directly supervises the Escrow Assistant.

WORKING ENVIRONMENT :

The work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Fidelity Title Agency has an office environment requiring a high degree of efficient and effective performance. At times, there may be a need to visit customers outside of the office or attend industry functions.

Requirements

KNOWLEDGE, SKILLS & ABILITIES :

QUALIFICATIONS :

WORKING ENVIRONMENT :

The work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Fidelity Title Agency has an office environment requiring a high degree of efficient and effective performance. At times, there may be a need to visit customers outside of the office or attend industry functions.