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Escrow Officer Salary

The average salary for Escrow Officers in the United States is $45K annually, and pay runs especially high in San Francisco, where the average is $88K. Escrow Officers can also look forward to large paychecks in cities like Los Angeles (+39 percent), Seattle (+36 percent), Dallas (+16 percent), and Denver (+12 percent). The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
$31,052 - $66,020
(Median)
31K
38K
45K
54K
66K
MEDIAN: $45,170
10%
25%
50%
75%
90%

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$13.54 - $24.17
(Median)
14
18
21
24
MEDIAN: $17.00
10%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$23K$46K$69K
Salary
$31,052 - $66,020  
   
Bonus
$0.00 - $11,537  
Profit Sharing
$1,000 - $5,087  
Commission
$515 - $29,087  
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).
)
$30,705 - $68,864  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 496
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$13.54 - $24.17  
   
Overtime
$18.89 - $38.77  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $11,537  
   
Commission
$515 - $29,087  
Profit Sharing
$1,000 - $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).
)
$30,705 - $68,864  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 197
United States (change)

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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Though not the most common occurrence, Escrow Officers sometimes become Senior Escrow Officers, where the average income is $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. For Escrow Officers, comfortable salaries can be found at First American Corporation; in fact, median earnings sit around $60K, the highest in the area.

Stewart Title Company offers the lowest pay, with a median salary of just $37K. The pay scale doesn't vary widely, either; compensation ranges from $24K to $89K.

Popular Skills for Escrow Officer


Just a handful of professional skills are reported by Escrow Officers who took the survey. Notary and Real Estate are considered valuable skills and can increase employee pay by 5 percent and 4 percent, respectively. Those familiar with Customer Service also tend to know Notary.

Pay by Experience Level for Escrow Officer

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


Escrow Officers with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $38K, but folks who have racked up five to 10 years see a notably higher median of $43K. The average pay reported by folks with 10 to 20 years of experience is around $47K. In the end, more experience does seem to mean larger paychecks; seasoned Escrow Officers with more than 20 years of experience earn a predictably higher median salary of $52K.

Pay Difference by Location

Related Job Salaries

Experience Affects Escrow Officer Salaries



National Average
$45,000



Skills That Affect Escrow Officer Salaries

up arrow 5%

Real Estate
up arrow 4%

Customer Service
up arrow 1%

National Average
$45,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 127 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
2%
1-4 years
16%
5-9 years
25%
10-19 years
37%
20 years or more
20%

Common Health Benefits

medical benefits Medical: 69% dental benefits Dental: 56%
vision benefits Vision: 44% employee benefits None: 28%