Avg. Base Hourly Rate (USD)
The average hourly pay for an Escrow Officer is $25.47
What is the Pay by Experience Level for Escrow Officers?
An experienced Escrow Officer with 10-19 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $28.00 based on 13 salaries. In their late career (20 years and higher), employees earn an average total compensation of $25.
What Do Escrow Officers Do?
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 …Read more
- 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.