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Escrow Officer

Company: First American
Location: Palm Springs
Posted on: July 15, 2019

Job Description:

Company SummaryJoin our team! As a global leader in providing title insurance, settlement services and risk solutions for real estate transactions, First American Title Insurance Company (NYSE: FAF) is an ideal place to build your career. We have been entrusted with helping our customers achieve and protect their dream of homeownership since 1889. First American Titles Direct division provides comprehensive title insurance protection and professional settlement services for real estate purchases, refinances and equity loans.We believe that our people are the key to the companys continued success. Because our employees enable our future, we invest in theirs by supporting their careers and promoting their overall wellbeing. First American has created an award-winning culture and has been named to the Fortune 100 Best Companies to Work ForĀ® 2018 list for the third consecutive year and to more than 50 regional Best Places to Work lists. For more information, visit www.firstam.com.Job SummaryResponsible for establishing new escrow accounts and process escrow documents in accordance with established policies and procedures.

Essential Functions


  • Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds.
  • Determines escrow requirements by studying and clarifying buyer, seller, and lender instructions.
  • Obtains clear title by ordering title reports; 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 HUD by utilizing lender instructions.
  • 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.

    Supervision Received or Extended

    • Limited Supervision: Responsibility for independently planning, designing and carrying out programs, projects and studies in accordance with broad policy statements and/or legal requirements.
    • Work is evaluated periodically in terms of adherence to program goals, budgetary limitations, compliance with laws and regulations and general institutional policies.

      Impact

      • While performing the duties of this Job, the employee is regularly required to sit and talk or hear.
      • The employee is occasionally required to walk and stoop, kneel, crouch, or crawl.
      • The employee must occasionally lift and/or move up to 10 pounds.

        Knowledge and Skills/Technology Used

        • To perform this job successfully, an individual should have knowledge of Microsoft Office applications.
        • Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
        • 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, percentages, area, circumference, and volume.
        • Ability to apply concepts of basic algebra and geometry.

          Typical Education

          • High School diploma or equivalent

            Typical Range of Experience

            • 3 - 5 years related experience with 3+ years experience directly handling escrow transactions as an escrow assistant.

              License or Certification

              • Escrow Officer certification from the Escrow Association or completion of escrow officer training program by a title company or bank.

                First American invests in its employees' development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer. For more information about our Company and our dedication to putting People First, check out firstam.com/careers.

Keywords: First American, Palm Springs , Escrow Officer, Other , Palm Springs, California

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