Senior Commercial Escrow Officer at First American

Lake Mary, Florida, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Title InsuranceIndustries

Requirements

5-7 years escrow/title related real estate experience (commercial preferred) with at least 2 years examining and disbursing construction packages
May require escrow officer certification dependent upon state
High School diploma or equivalent (some college preferred)
Proficiency with common business software

Responsibilities

Act as a neutral liaison between file parties, adhere to company policies and industry best practices to monitor and mitigate risk to the company
Prepare regular reports and checklists on the status of the escrow account and provide these reports to the parties involved in the transaction
Work cross-functionally with title team to determine and obtain documentation to satisfy requirements set forth in the title commitment
Review Buyer, Seller, and Lender transaction documents and instructions for closings
Prepare legal documents for the closure of the transaction
Prepare settlement statement, including proration of taxes and rents
Complete closing by preparing and distributing final closing statements and documents to title team, agent, and file parties
Ensure that all funds are properly accounted for and disbursed in accordance with the terms of the contract and company policy
Post-closing review and disbursement of construction draw packages in transactions involving construction loans or future advances, minimizing risk to the company by tracking lien waivers and other supporting documents
Use technical bulletins and other resources to evaluate and resolve problems
Comply with regulatory requirements by adhering, and enforcing adherence, to requirements
May act as escrow manager with no direct reports
May price commitments, endorsements, policies and guarantees using predetermined schedule of fees and charges

Skills

Key technologies and capabilities for this role

Escrow ManagementReal Estate TransactionsFund ManagementDocument ProcessingClosingsSettlementsConstruction DisbursementCustomer ServiceAttention to DetailTeamwork

Questions & Answers

Common questions about this position

Is this position remote?

Yes, this role is fully remote as part of a commercial transaction team assisting title agents nationwide.

What are the key skills needed for this role?

Key skills include a strong customer service acumen, attention to detail, and commitment to teamwork, along with the ability to thrive in a fast-paced commercial real estate environment.

What does the company culture emphasize?

The company fosters an inclusive, people-first culture where employees feel welcome, supported, and empowered to innovate and reach their full potential, with numerous awards for being a top workplace.

What is the salary or compensation for this position?

This information is not specified in the job description.

What makes a strong candidate for this Senior Commercial Escrow Officer role?

A strong candidate thrives in a fast-paced commercial real estate environment, handles high-liability multi-site transactions, and demonstrates excellent customer service, attention to detail, and teamwork.

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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