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ESCROW OFFICER Location: US-CA-Indian Wells Jobcode: 18837a059b71b23a1512b5cfcae64244-122020 Email Job
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Top performing Title Company affiliated with a major top-tier Real Estate Brokerage with service to an ELITE GROUP OF TEAMS is seeking to add a very talented accomplished Escrow Officer. Preferred candidate will have a minimum of 5 years experience in a relevant role and an established book of business. Additionally bilingual candidates are encouraged to submit an application....bonus compensation paid out yearly based on meeting key performance metrics.
Basic duties and responsibilities are as follows:
- Receives purchase funds from the Buyer.
- Prepares or secures the deed or other documents related to Escrow.
- Closes Escrow when all of the instructions of the Buyer and Seller have been carried out.
- Disburses funds as authorized by the Escrow instructions, including charges for title insurance, recording fees, real estate commissions, and loan payoffs.
- Forwards recordable documents to the title company.
- Prepares final statements for the parties.
- Secures releases of all contingencies or other conditions as imposed on any particular Escrow.
- Prorates taxes, interest, insurance, and rests.
- Requests a preliminary title search to determine the basis upon which a title insurance policy may be issued.
- Requests a beneficiary’s statement or pay-off demand relating to existing financing.
- Complies with Lender’s requirements, as specified in the Escrow agreement.
- Your escrow officer serves as a central point of communication between all parties involved, including the buyer and seller, title company, real estate agents, business managers, attorney's, and mortgage broker.
- Your escrow officer prepares your escrow instructions. Remember, the key to any transaction is to read and understand your escrow instructions. If you do not understand them, you should ask your escrow officer to explain the instructions.
- Secures releases of all contingencies or other conditions as imposed on any particular Escrow.
- Forwards recordable documents to the title company.
- Requests insurance of the title insurance policy
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