Escrow Officer Salary

Salaries for Escrow Officers in the United States average out at around $47K annually, but San Francisco employers pay the most, offering approximately $87K on average. Escrow Officers can also look forward to large paychecks in cities like Seattle (+31 percent), Los Angeles (+28 percent), Denver (+28 percent), and Plano (+25 percent). The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$32,619 - $69,507

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$13.68 - $26.16

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$32,619 - $69,507  
   
Bonus
$0.00 - $11,955  
Profit Sharing
$700 - $5,087  
Commission
$976 - $30,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,363 - $71,135  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 553
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$13.68 - $26.16  
   
Overtime
$18.77 - $41.17  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $11,955  
   
Commission
$976 - $30,000  
Profit Sharing
$700 - $5,087  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,363 - $71,135  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 215
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Job Description for Escrow Officer

An escrow officer works primarily with real estate transactions and helps ensure each sale meets legal requirements before releasing buyer funds to the seller. The officer does this by reviewing the contract between buyer and seller, conducting research to ensure that the property title is clear and not under lien from another lender, creating closing documents to be signed by all parties, and setting up the timetable for the final closing. This requires the individual to have a number of skills, including familiarity with computers and real estate software, experience in the real estate industry, and effective interpersonal communication skills to work with buyers and sellers. The position also involves a significant amount of multitasking, so it's important for an escrow officer to be flexible and able to successfully complete several tasks at the same time.

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Escrow Officer Tasks

  • Identify, verify, and calculate balances due and update statements and legal documents.
  • Oversee paperwork associated with transactions, such as titles, insurance and others.
  • Open and monitor escrow accounts, transferring funds and communicating with involved parties.
  • Record and file documents legally, as well as communicating with buyer and seller.

Common Career Paths for Escrow Officer


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Escrow Officers who advance into the role of a Senior Escrow Officer are fairly uncommon. Senior Escrow Officers on average earn $55K per year.

Escrow Officer Job Listings

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Popular Employer Salaries for Escrow Officer


First American Title Insurance Company, Stewart Title Company, Chicago Title Company, Fidelity National Title Insurance Company, and Old Republic National Title Insurance Company are all popular places to work. First American Corporation attracts talent by shelling out the biggest paychecks in the area — the median in that office is $60K.

Although Stewart Title Company hands out the lowest average salary in town at $43K, employee compensation still varies greatly; workers can make as little as $24K or as much as $88K.

Popular Skills for Escrow Officer


Escrow Officers note just a narrow range of job skills. Those who have experience with Notary, Real Estate, and Customer Service can expect to be compensated well for these skills. Most people familiar with Customer Service also know Notary.

Pay by Experience Level for Escrow Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Escrow Officers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Folks with fewer than five years of experience take home $39K on average, and those who have worked for five to 10 years see a bigger median salary of $45K. After working for 10 to 20 years, Escrow Officers make a median salary of $48K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $56K.

Pay Difference by Location

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Experience Affects Escrow Officer Salaries



National Average
$46,000



Skills That Affect Escrow Officer Salaries

Notary
up arrow 4%

Real Estate
up arrow 2%

Customer Service
0%

National Average
$46,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 133 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
21%
10-19 years
39%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 58%
vision benefits Vision: 46% employee benefits None: 25%
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