Sr. Escrow Officer Salary
A Sr. Escrow Officer earns an average salary of $59,332 per year. Most people in this job have more than five years' experience in related jobs.
|Salary||$46,658 - $92,110|
|Bonus||$1,007 - $29,799|
|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).)
|$40,838 - $105,520|
|Hourly Rate||$14.93 - $34.52|
|Bonus||$1,007 - $29,799|
|Total Pay (||$40,838 - $105,520|
Job Description for Sr. Escrow Officer
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.Read More...
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. (Copyright 2017 PayScale.com)
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.
Sr. Escrow Officer Job Listings
Pay by Experience Level for Sr. Escrow Officer
Pay by Experience for a Sr. Escrow Officer has a positive trend. An entry-level Sr. Escrow Officer with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 6 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sr. 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 $55,000 based on 32 salaries. An experienced Sr. Escrow Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $61,000 based on 37 salaries. A Sr. 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 $62,000 based on 30 salaries.
Key Stats for Sr. Escrow Officer
Rated 5 out of 5
based on 8 votes.