Escrow Officer at First American

Newport Beach, California, 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

2-4 years of escrow-related experience
Experience directly handling escrow transactions as an escrow assistant preferable
Openness to new technology and proprietary programs; adjusts easily to new workflow
Passion for helping customers while maintaining a professional and positive attitude
Excellent verbal and written communication with both internal team and external customers; comfortable using various types of communication to meet customer needs
Problem solver with strong organizational skills, detail oriented, and knows how to navigate internal and external resources to resolve issues
Thrives in contributing to a team working together to deliver beyond customer expectations
Comfortable guiding and supporting future talent learning the business
Knowledge of MS Office suite and ability to quickly adapt to new software applications and technologies
Valid Licensing/Certification as required by applicable state
High school diploma or equivalent

Responsibilities

Complete real estate escrow transactions by determining requirements
Act as a neutral liaison between file parties, adhere to company policy, and monitor and mitigate risk to the company
Ensure that all funds are properly accounted for and disbursed in accordance with the terms of the contract and company policy
Prepare regular reports on the status of the escrow account and provide these reports to the parties involved in the transaction
Examine property titles, mortgages, and trust deed documents
Prepare legal documents for the closure of the sale
Complete closing by recording and filing documents, preparing, and distributing final closing statements and title

Skills

Key technologies and capabilities for this role

Escrow ManagementReal Estate TransactionsFund ManagementDocument ProcessingClosing SettlementsCustomer ServiceDecision MakingCommunicationMulti-tasking

Questions & Answers

Common questions about this position

What experience is required for the Escrow Officer position?

Candidates need 2-4 years of escrow-related experience, with preferable experience directly handling escrow transactions as an escrow assistant.

What key skills are needed for this role?

The role requires exceptional decision-making skills, strong communication skills, the ability to multi-task as part of a team, and openness to new technology and proprietary programs.

What is the company culture like at First American?

First American fosters an inclusive, people-first culture where employees feel welcome, supported, and empowered to innovate, with accolades like being on the Fortune 100 Best Companies to Work For list for ten years.

Is this position remote or office-based?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

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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