Escrow Officer Salary

Escrow Officers earn around $48K per year on average in the United States, but employers pay the most in San Francisco, offering approximately $87K at the median. Escrow Officers will also find cushy salaries in Portland (+31 percent), Los Angeles (+29 percent), Seattle (+28 percent), and Denver (+25 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.
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$33,447 - $71,375
(Median)
$33K
$48K
$71K
MEDIAN: $47,683
10%
50%
90%

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$13.71 - $27.50
(Median)
$14
$19
$28
MEDIAN: $18.00
10%
50%
90%

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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$25K$50K$75K
Salary
$33,447 - $71,375  
   
Bonus
$0.00 - $14,261  
Profit Sharing
$3,600  
Commission
$1,030 - $29,590  
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).
)
$31,988 - $74,638  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 624
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
$13.71 - $27.50  
   
Overtime
$18.79 - $41.80  
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 - $14,261  
   
Commission
$1,030 - $29,590  
Profit Sharing
$3,600  
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).
)
$31,988 - $74,638  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 230
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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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Many Escrow Officers advance into a slightly higher-paying Senior Escrow Officer position. Average compensation for Senior Escrow Officers is $56K. Many Escrow Officers go on to become Office Managers or Title Closing Agents despite the fact that median compensation in those roles is reportedly $9K lower and $11K lower, respectively.

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 top-notch employers for Escrow Officers in this area. Heading up the field in terms of compensation, Land Title offers the most; Escrow Officers earn $61K on average there. Escrow Officers can also look forward to large paychecks at First American Corporation ($60K), Old Republic National Title Insurance Company ($57K), and First American Title Insurance Company ($52K).

The smallest paychecks can be found at Stewart Title Company — the median salary there is $47K; however, employees are subject to a wide range in pay, with salaries varying between $24K and $87K. Other low-paying employers include Chicago Title Company at $51K and Fidelity National Title Insurance Company at $52K, though some Escrow Officers there earn up to $97K.

Popular Skills for Escrow Officer


Typical Escrow Officers report a focused set of job skills. Those who have experience with Notary, Real Estate, and Customer Service can expect to be compensated well for these skills. 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. The average inexperienced worker's salary is approximately $40K, and people with five to 10 years of experience bring in more at around $45K on average. Escrow Officers claiming one to two decades of experience make an estimated median of $49K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; an Escrow Officer with more than 20 years of experience can earn $58K on average.

Pay Difference by Location

National Average: $47,128

Larger city markers indicate a job is popular in that location.

Related Job Salaries

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Experience Affects Escrow Officer Salaries



National Average
$47,000



Skills That Affect Escrow Officer Salaries

Notary
up arrow 4%

Real Estate
up arrow 1%

Customer Service
0%

National Average
$47,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 140 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
19%
10-19 years
39%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 59%
medical benefits
Vision: 48%
dental benefits
None: 23%
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