Escrow Officer Salary

Median pay for Escrow Officers in the United States is around $47K per year, but employers in San Francisco offer the biggest paychecks; average compensation in that city is approximately $87K. Escrow Officers will also find cushy salaries in Seattle (+31 percent), Los Angeles (+30 percent), Denver (+26 percent), and Plano (+25 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$32,451 - $69,454
(Median)
$32K
$47K
$69K
MEDIAN: $46,602
10%
50%
90%

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$13.59 - $25.33
(Median)
$14
$18
$25
MEDIAN: $18.00
10%
50%
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$24K$48K$72K
Salary
$32,451 - $69,454  
   
Bonus
$0.00 - $12,089  
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).
)
$31,304 - $71,361  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 561
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$14$28$42
Hourly Rate
$13.59 - $25.33  
   
Overtime
$18.85 - $40.85  
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$28K$56K$84K
Bonus
$0.00 - $12,089  
   
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).
)
$31,304 - $71,361  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 217
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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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Though it's uncommon, some Escrow Officers move into roles as Senior Escrow Officers, where pay is an average $55K per year.

Escrow Officer Job Listings

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Popular Employer Salaries for Escrow Officer


Dominating the field, First American Title Insurance Company, Stewart Title Company, Chicago Title Company, Fidelity National Title Insurance Company, and Old Republic National Title Insurance Company are top firms with a reputation for hiring a great number of Escrow Officers. Heading up the field in terms of compensation, First American Corporation offers the most; Escrow Officers earn $60K on average there.

For Escrow Officers, below-average salaries can be found at Stewart Title Company; in fact, average earnings are around $43K, the lowest in the area, though the difference in the company's lowest and highest employee paychecks ($24K versus $88K) is great.

Popular Skills for Escrow Officer


Escrow Officers report a narrow range of specific skills. Those who have experience with Notary, Real Estate, and Customer Service can expect to be compensated well for these skills. Most people experienced in 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.


Escrow Officers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Average salaries for inexperienced employees average out to around $39K, but folks who have five to 10 years of experience earn a higher median of $45K. Escrow Officers with one to two decades of relevant experience report an average salary of approximately $48K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $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 135 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
21%
10-19 years
39%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 73% dental benefits Dental: 59%
vision benefits Vision: 47% employee benefits None: 25%
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