Full-Time

Remote – Construction Disbursement Officer National

Confirmed live in the last 24 hours

First American

First American

10,001+ employees

Provides title insurance and real estate services

Financial Services
Real Estate

Compensation Overview

$27.4 - $36.53Hourly

Mid

Remote in USA

Must be open to working hours in CST or EST time zone.

Category
Real Estate
Real Estate Finance
Requirements
  • 2-4 years of escrow related experience, preferably as a Commercial Escrow Officer servicing regional or national transactions.
  • Bachelor’s degree or 5+ years relevant experience required.
  • Hands-on experience with working knowledge of construction payment documentation, including but not limited to: AIA billing, budgets, sworn statements, and lien waivers.
  • Excellent verbal and written communication with both internal and external customers.
  • Ability to build new relationships as well as maintain existing customer relationships.
  • Problem solving with strong organizational skills, detail-oriented, and knows how to navigate internal and external resources to resolve issues.
  • Adaptability to work with technology and proprietary programs; quickly adopting new software applications and technologies.
Responsibilities
  • Monitor a high-volume portfolio of disbursing and draw review projects, ensuring timely and effective processing of construction disbursing transactions and construction draws.
  • Review, negotiate, and comply with the terms of each project’s disbursing agreement.
  • Work cross-functionally with underwriters, lenders, project managers, accountants, contractors, owners, and other project parties to review and resolve issues and questions regarding the draw process and draw documentation.
  • Order title updates and date down endorsements, submit requests for funds, and set up and review pending payments for checks and wires to be issued.
  • Review draw packages inclusive of budgets, AIA Pay Applications, sworn statements, and lien waivers to mitigate the lien risk associated with the potential lien claimants on a project.
  • Manage files and associated documents in a consistent and organized manner (i.e. maintaining construction disbursing and review documentation and other information into the appropriate company system).
  • Review monthly reports including trial balances and outstanding check logs and resolve any open items.
  • Follow processes and procedures in daily activities, troubleshoot as needed, and recommend solutions for continuous improvements to overall operations.
  • Comply with regulatory requirements by adhering, and enforcing adherence, to requirements.

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects homebuyers and property owners from potential ownership disputes and financial losses related to real estate transactions. The company offers a platform called myFirstAm®, which allows users to access property information, manage orders, and streamline the closing process. Unlike many competitors, First American has a vast database of property data, with over 5.5 billion document images, making it a leading provider of real estate data solutions. The company's goal is to facilitate smooth real estate transactions while ensuring that clients' investments are protected.

Company Stage

N/A

Total Funding

$800.2M

Headquarters

Santa Ana, California

Founded

1889

Simplify Jobs

Simplify's Take

What believers are saying

  • First American's strategic acquisitions, such as Mother Lode Holding Company, enhance its market position and service offerings.
  • The company's focus on digital transformation, evidenced by the acquisition of Docutech, positions it well for future growth in the digital mortgage space.
  • Being recognized as a Fortune 100 Best Company to Work For highlights a positive work culture and strong employee satisfaction.

What critics are saying

  • The recent data breach allegations could damage First American's reputation and customer trust.
  • The highly competitive real estate and insurance markets require continuous innovation to maintain market share.

What makes First American unique

  • First American's comprehensive suite of services, from title insurance to real estate data solutions, offers a one-stop-shop for real estate transactions, unlike competitors who may specialize in only one area.
  • Their proprietary platform, myFirstAm®, provides seamless access to property information and transaction management, setting them apart in terms of technological integration.
  • The company's extensive database, covering 99% of U.S. housing stock, provides unparalleled data insights for real estate and mortgage decisions.

Help us improve and share your feedback! Did you find this helpful?

Benefits

401k matching

Health, vision, dental insurance

Professional development