Settlement/Closing Coordinator (in office) at First American

Pittsburgh, Pennsylvania, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Title InsuranceIndustries

Requirements

2-4 years of escrow-related experience including title clearance
Experience directly handling escrow transactions
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

Oversee the entire transaction from the opening of the file through its closing, providing an extraordinary experience for all parties
Receive and deposit funds, such as “hand money” and closing funds into escrow accounts
Disburse funds according to signed closing instructions
Prepare and review escrow and closing documents, such as seller deed packages, settlement sheets, closing disclosures, for accuracy and completeness
Ensure all necessary documents are signed, notarized, and filed correctly
Order payoffs, work with title examiners to resolve any title defects, such as liens or encumbrances, to ensure a clear title is transferred to the buyer
Act as a central point of contact for all involved parties, including real estate agents, lenders, buyers, sellers, and attorneys
Provide updates on the status of the transaction to all parties involved
Answer questions from clients and agents regarding the closing/escrow process
Schedule signing with the parties
Calculate and prorate expenses, including property taxes, interest, and insurance, between buyer and seller
Post-Close: Package clean-up, Final Water/Sewer escrows, Review of uncashed checks and other post-close items
Coordinate with buyers, sellers, lenders, and real estate professionals to ensure all conditions of the transaction are met
Secure and disburse funds, clear title and ensure full compliance with all relevant laws and regulations

Skills

Key technologies and capabilities for this role

Escrow ManagementFund DisbursementDocument PreparationClosing DisclosuresTitle ClearingReal Estate TransactionsComplianceNotarizationSettlement SheetsPayoff Orders

Questions & Answers

Common questions about this position

Is this position remote or in-office?

This is an in-office position as indicated by the job title.

What experience is required for this role?

Candidates need 2-4 years of escrow-related experience including title clearance, and experience directly handling escrow transactions.

What is the salary or compensation for this position?

This information is not specified in the job description.

What is the company culture like at First American?

First American fosters an inclusive, people-first culture that supports innovation and employee potential, earning accolades like the Fortune 100 Best Companies to Work For for ten years and awards for diversity.

What makes a strong candidate for this Settlement/Closing Coordinator role?

A strong candidate will have 2-4 years of escrow experience with title clearance, openness to new technology, and a passion for helping customers with a professional attitude.

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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