Escrow Officer Salary

Salaries for Escrow Officers in the United States average out at around $48K 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 Portland (+31 percent), Los Angeles (+29 percent), Seattle (+28 percent), and Denver (+25 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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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 their careers by becoming Senior Escrow Officers, who report a slightly higher median income of $56K. Many Escrow Officers advance into roles as Office Managers or Title Closing Agents, but the median salaries are $9K lower and $11K lower, respectively.

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. The biggest paychecks can be found at Land Title — the median salary there is $61K. First American Corporation, Old Republic National Title Insurance Company, and First American Title Insurance Company are a few other companies that offer generous salaries, with Escrow Officers earning around $60K, $57K, or $52K at each firm, respectively.

Though lagging the field in terms of compensation — Stewart Title Company offers the lowest median salary at $47K — pay within the company still varies considerably between $24K and $87K. Others at the bottom of the scale for this job include Chicago Title Company at $51K, and Fidelity National Title Insurance Company where $52K is the norm, but it is worth noting that some Escrow Officers there earn up to $97K.

Popular Skills for Escrow Officer


Escrow Officers typically list a handful of skills they use on the job. 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.


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 $40K, but folks who have five to 10 years of experience earn a higher median of $45K. People with 10 to 20 years of experience make an average of about $49K in this role. Veterans who have acquired more than 20 years report a median income of $58K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location

National Average: $47,128

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

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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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