Senior escrow officers help facilitate real estate purchases and sales by holding the necessary documents and deposits to complete transactions. When the sale's conditions have been fulfilled, the deed, title, and other documents will be released.
Senior escrow officers work primarily at title companies to ensure that the closing of a property goes smoothly and each party fulfills the necessary requirements to legally transfer the property. They must ensure full compliance with real estate contracts, instructions from lenders, title requirements, and other guidelines, as well as laws and regulations relating to real estate and the escrow process. They must also ensure that title insurance is issued for closing and charge a fee based on the cost of the property. Senior escrow officers typically work with parties such as customers, realtors, mortgage lenders, and attorneys and keep them informed of all progress, so strong customer service and communication skills are necessary in this position. Although much of the job involves interacting with others, it's also important to be able to work independently and multitask while adhering to deadlines.
A high school diploma is usually required for this position, and some states also require licensing, which can be obtained after successfully completing an exam. Knowledge of escrow operations is typically obtained through practical experience and/or education.
Sr. Escrow Officer Tasks
Open accounts and verify that all information and documents are accurate.
Handle and mediate disagreements and problems with the escrow process.
Assist clients in filling out paperwork, responding to communication and obeying legal requirements.
Interact with clients to obtain documentation, signatures, payments or other items.