A title closing agent plays a key role in finalizing real estate and mortgage transactions. They are responsible for making sure that the titles in transactions are legitimate and pose no problems for their employer; any problems with the title need to be highlighted by the agent. Research is an important part of this position, as the title closing agent needs to find all relevant information about the title so that a satisfactory settlement statement can be produced.
Additionally, the title closing agent must look over all the contracts involved in the transaction to ensure they are accurate and appropriate. They also collect money for the transaction (including escrow deposits), handle closing documents, and get all relevant parties to sign the appropriate papers when it is time to close. Closing transactions generally take place at the agent’s office. The title closing agent needs to ensure the accuracy of all monetary transactions on the settlement, such as loan outlines, how much the seller will receive, taxes, and other fees.
Educational requirements generally include at least a high school diploma or equivalent, although some positions require a postsecondary degree as well. Previous experience in a similar role is generally required or preferred. Accuracy is essential for title closing agents, as they must ensure all documents are legal and correct. Customer service skills are also important to ensure that customers will return and add to the positive reputation of the company. The duties of a title closing agent are generally carried out in an office setting such as a title agency company during regular business hours.
Closing Agent, Title Tasks
Identify any informational or clerical errors and resolve quickly.
Develop positive working relationship with clients and partners to grow professional opportunities.
Aggregate all documents required for loan closings and verify information is complete and accurate.