Escrow Officer Salary

The average salary for Escrow Officers in the United States is $50K per year, and pay runs especially high in San Francisco, where the average is $87K. Escrow Officers will also find cushy salaries in Austin (+54 percent), Denver (+33 percent), Portland (+26 percent), and Dallas (+19 percent). The numbers in this rundown were provided by PayScale's salary survey participants.
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$35,019 - $77,888
$35K
$50K
$78K
MEDIAN: $49,952
10%
50%
90%

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$14.17 - $26.70
$14
$20
$27
MEDIAN: $19.56
10%
50%
90%

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$0$81K
Salary $35,019 - $77,888
Bonus $477.48 - $20,251
Profit Sharing $3,500
Commission $993 - $40,851
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).
)
$33,859 - $81,691
  • Country: United States
  • Currency: USD
  • Updated: 11 Nov 2017
  • Individuals Reporting: 418
Hourly Data $0$43
Hourly Rate $14.17 - $26.70
Overtime $19.19 - $43.13
Annual Data $0$81K
Bonus $477.48 - $20,251
Commission $993 - $40,851
Profit Sharing $3,500
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).
)
$33,859 - $81,691
  • Country: United States
  • Currency: USD
  • Updated: 11 Nov 2017
  • Individuals Reporting: 185

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

  • 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.
  • Identify, verify, and calculate balances due and update statements and legal documents.
  • Oversee paperwork associated with transactions, such as titles, insurance and others.

Common Career Paths for Escrow Officer


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Many Escrow Officers move into Senior Escrow Officer roles, in which average pay is a slightly higher $56K per year. Escrow Officers most frequently advance into Office Manager and Title Closing Agent roles even though the median salaries are $10K lower and $12K lower, respectively.

Escrow Officer Job Listings

Popular Employer Salaries for Escrow Officer


Well-known firms with a reputation for hiring numerous Escrow Officers include First American Title Insurance Company, Stewart Title Company, Chicago Title Company, Fidelity National Title Insurance Company, and Old Republic National Title Insurance Company. Fidelity National Title Insurance Company leads the field in terms of pay, with a median salary of $70K. Those in search of high salaries should also consider Land Title, First American Corporation, and First American Title Insurance Company, top-paying firms where Escrow Officers rake in a comfortable $61K, $60K, or $59K, respectively.

Stewart Title Company reports the lowest median salary in the area (it's only $53K) but some workers make up to $119K, indicating a rather large gap in employee earnings. Also sliding in at the lower end of the scale are Chicago Title Company ($55K), Old Republic National Title Insurance Company ($57K), and First American Title Insurance Company ($59K).

Popular Skills for Escrow Officer


Escrow Officers usually report a few specific skills. Those who have experience with Notary, Customer Service, and Real Estate can expect to be compensated well for these skills. The majority of those who know Customer Service also know Notary.

Pay by Experience Level for Escrow Officer

Pay by Experience for an Escrow Officer has a positive trend. An entry-level Escrow Officer with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 159 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Escrow Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $47,000 based on 126 salaries. An experienced Escrow Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $52,000 based on 260 salaries. An Escrow Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $59,000 based on 138 salaries.

Pay Difference by Location

National Average: $48,786

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

Related Job Salaries

Key Stats for Escrow Officer

Gender

Female
90 %
Male
10 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 113 votes.
Less than 1 year
3%
1-4 years
21%
5-9 years
13%
10-19 years
39%
20 years or more
23%

Experience Affects Escrow Officer Salaries

▲20%

▲7%

National Average
$49,000

▼3%

▼17%

Skills That Affect Escrow Officer Salaries

▲3%


▲1%

National Average
$49,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 113 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
3%
1-4 years
21%
5-9 years
13%
10-19 years
39%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 60%
vision benefits
Vision: 48%
no benefits
None: 24%