Escrow Officer at First American

League City, Texas, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Title InsuranceIndustries

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

Skills

Escrow Management

Title Clearance

Closing Documents

Fund Disbursement

Title Reports

Lien Resolution

Real Estate Transactions

Document Preparation

First American

Provides title insurance and real estate services

About First American

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 from any device. 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.

Santa Ana, CaliforniaHeadquarters

1889Year Founded

$800.2MTotal Funding

VENTURE_UNKNOWNCompany Stage

Financial Services, Real EstateIndustries

10,001+Employees

Benefits

401k matching

Health, vision, dental insurance

Professional development

Risks

Data breach allegations could harm First American's reputation and lead to legal issues.

Integration of Mother Lode may face challenges and financial risks.

Dependence on digital transformation poses risks if technology advances rapidly.

Differentiation

First American offers comprehensive title insurance and settlement services nationwide.

The company provides a vast database of over 5.5 billion document images.

First American's digital platform, myFirstAm®, enhances real estate transaction efficiency.

Upsides

Acquisition of Mother Lode expands First American's market share in California.

Docutech purchase boosts First American's digital mortgage revenue by 38%.

Growing fintech trends align with First American's digital transformation strategy.

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