Full-Time

Escrow Officer

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

$26.21 - $34.95Hourly

Mid

Parker, CO, USA

Category
Real Estate
Real Estate Finance
Requirements
  • High School diploma or equivalent
  • 2-4 years related experience
  • Experience directly handling escrow transactions as an escrow assistant preferable
  • Valid Licensing/Certification as required by applicable state
  • 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 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
Responsibilities
  • 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.
  • Other duties as assigned

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects buyers' investments and ownership rights during real estate transactions, ensuring that the property title is clear of any issues. The company offers a platform called myFirstAm®, which allows users to access property information, maps, and manage open orders conveniently. First American differentiates itself from competitors by offering a comprehensive range of services that include mortgage lender solutions, real estate data solutions, home warranty products, and trust services, all designed to streamline transactions and reduce risks. The company's goal is to facilitate smooth real estate transactions while protecting clients' investments and providing valuable insights into the real estate market.

Company Stage

N/A

Total Funding

$800.2M

Headquarters

Santa Ana, California

Founded

1889

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Mother Lode expands First American's market share in California.
  • Digital mortgage solutions drive revenue growth, evidenced by a 38% increase post-Docutech acquisition.
  • Partnerships with fintech firms like Knock open new opportunities in real estate services.

What critics are saying

  • Data breach allegations could harm First American's reputation and lead to legal issues.
  • Integration challenges from acquisitions like Mother Lode may disrupt operations.
  • Rising fintech competition, such as Knock, threatens First American's market share.

What makes First American unique

  • First American offers comprehensive title insurance and settlement services nationwide.
  • The company provides extensive real estate data solutions with over 5.5 billion document images.
  • First American's venture arm invests in fintech, enhancing its technological integration.

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Benefits

401k matching

Health, vision, dental insurance

Professional development