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Escrow Officer

Company: First American
Location: Allen
Posted on: November 11, 2019

Job Description:

COMPANY SUMMARY

First American Financial Corporation (NYSE: FAF) operates through its family of companies to help people achieve and protect their dream of homeownership. First American was named one of FORTUNE's 100 Best Companies to Work For in 2016 and 2017. With experience dating back to 1889, First American is a leading provider of title insurance protection and settlement services to the real estate and mortgage industries. More information about the company can be found at www.firstam.com

JOB SUMMARY

Responsible for establishing new escrow accounts and processing escrow documents in accordance with established policies and procedures. Acts as a neutral third-party between buyers and sellers during a real estate sale, managing funds and processing real estate transactions.

ESSENTIAL FUNCTIONS

* Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds

* Determines escrow requirements by studying and clarifying buyer, seller, and lender instructions

* Obtains clear title by ordering title reports; 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 HUD by utilizing lender instructions

* Closes escrow account by balancing and disbursing funds

* Complies with regulatory requirements 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

* Enhances organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments

JOB COMPLEXITIES

* Assignments are moderately complex in nature. Has latitude for un-reviewed action or decision

* Acts in advisory capacity, making recommendations which may have an important bearing on the conduct of the organization s business

SUPERVISION RECEIVED OR EXTENDED

* Works under general supervision setting own priorities and objectives. Work reviewed for soundness of judgment and overall accuracy

* No responsibility for supervision of others

KNOWLEDGE AND SKILLS/TECHNOLOGY USED

* Familiar with standard concepts, practices, and procedures within the escrow/title industry field

* Knowledge of Microsoft Office applications

* Good client relations and organizational skills

* Ability to write routine reports and correspondence

* Ability to speak effectively before groups of customers or employees of organization

* Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume

* Detail-oriented and professional; able to handle confidential information

* Ability to deal with multiple types of roles such as real estate sellers, buyers, agents and brokers

TYPICAL EDUCATION

* High School diploma or equivalent

TYPICAL RANGE OF EXPERIENCE

* 2- 4 years related experience with 3+ years experience directly handling escrow transactions as an escrow assistant.

LICENSE OR CERTIFICATION

* Escrow Officer certification from the Escrow Association or completion of escrow officer training program by a title company or bank.

First 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. For more information about our Company and our dedication to putting People First, check out firstam.com/careers..

Keywords: First American, Dallas , Escrow Officer, Other , Allen, Texas

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