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Commercial Escrow Officer

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Legal / Transactions
Location
Clayton
 MO
Postal Code
63105
Country
United States

This job is no longer active.

Description


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. Provide support to Commercial Underwriting/Closing department by assisting with customer service and administrative duties related to escrow closings.

 

Essential Functions

  • Determines escrow requirements by studying and clarifying buyer, seller, and lender instructions.
  • Interprets earnest money, escrow and purchase agreements as they relate to closing and prepare all documents required for transactions (ex. W-9, 1099, wire instructions)
  • 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; 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.
  • 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.

 

Knowledge and Skills/Technology Used

  • Knowledge of 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,  and percentages 
  • Detail-oriented and professional; able to handle confidential information

 

Typical Education

  • College Degree Preferred

 

Typical Range of Experience

  • 2-4 years related experience with 2+ years’ experience directly handling escrow transactions

Job Function


  • Transaction
 

Job Sector


Not specified

 

Experience


2+ to 5 years


This job is no longer active.

 
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