Escrow Officer Salary (United States)

Escrow Officers in the United States earn an average of $44,432 annually, and top pay can be found in San Francisco, where the average is $88K. Other big spenders include Seattle, Los Angeles, Dallas, and Denver, top-paying cities where Escrow Officers see paychecks higher than average (+35 percent, +32 percent, +17 percent, and +16 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.
Escrow Officer Salary (?
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.
)
$30,893 - $63,209
(Median)
31K
38K
45K
54K
63K
MEDIAN: $44,963
10%
25%
50%
75%
90%
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Escrow Officer Salary (?
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.
)
$13.54 - $23.85
(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
$30,893 - $63,209  
   
Bonus
$0.00 - $11,727  
Profit Sharing
$983 - $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).
)
$30,648 - $67,439  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 492
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 - $23.85  
   
Overtime
$19.03 - $37.29  
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 - $11,727  
   
Commission
$515 - $29,087  
Profit Sharing
$983 - $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).
)
$30,648 - $67,439  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 198
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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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More often than not, Escrow Officers can expect a sizeable increase in earnings as they climb the career ladder. For example, top-notch roles like Sr. Escrow Officer can offer an extra $10,898 annually than lower-level jobs in the same field.

Escrow Officer Job Listings

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Popular Employer Salaries for Escrow Officer

Leading companies who hire large numbers of Escrow Officers include First American Title Insurance Company, Chicago Title Company, Stewart Title Company, Fidelity National Title Insurance Company, and Old Republic National Title Insurance Company. Old Republic National Title Insurance Company attracts talent by shelling out the biggest paychecks in the area—the median in that office is $57,450.
The consistently lowest paying firm on the list is Stewart Title Company, where the median salary is just $42,000. Workers at First American Title Insurance Company also face smaller salaries than the rest of the field.

Popular Skills for Escrow Officer

Escrow Officers note just a narrow range of job skills. Mastery of Notary, Real Estate, and Customer Service skills often translates to an increase in salary: 8 percent, 5 percent, and 5 percent, respectively. Most people skilled in Customer Service are similarly competent in Notary.

Pay by Experience Level for Escrow Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Escrow Officers, experience is not a major factor in determining pay, and incremental pay growth is standard. Workers new to the field can expect to earn $38K, increasing to $42K after five to 10 years. After spending one to two decades on the job, pay usually hovers around $47K. After spending 20 years in the field, salary continues to increase (though at a slower pace) for Escrow Officers and pay is expected at $53K. Escrow Officers with one to 10 years in the field are most commonly found while those with 10 to 20 years of experience are harder to spot. The rarest group is those with more than 20 years of experience.

Pay Difference By Location

San Francisco
up arrow 98%
Seattle
up arrow 35%
Los Angeles
up arrow 32%
Dallas
up arrow 17%
Denver
up arrow 16%
San Antonio
up arrow 9%
Austin
up arrow 8%
San Diego
up arrow 3%
Phoenix
up arrow 1%
0%
National Average
$44,000
Cleveland
up arrow 6%
Columbus
up arrow 10%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Escrow Officer Salaries

National Average
$44,000

Skills That Affect Escrow Officer Salaries

up arrow 8%
National Average
$44,000

Job Satisfaction

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

Gender

Female
90%
female alumni
 
Male
10%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
26%
10-19 years
37%
20 years or more
19%

Common Health Benefits

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