Job Description
*Job Title: Real Estate Licensed Loan Escrow Officer**
**Location: Remote (USA)**
**Employment Type: Full-Time**
**Compensation: Based on Experience**
Job Summary
We are seeking a dedicated and detail-oriented Loan Escrow Officer to join our team! In this role, you will be instrumental in managing the escrow process for real estate and mortgage transactions. Your primary focus will be to ensure compliance with legal regulations and lender requirements while fostering seamless communication between buyers, sellers, lenders, and other stakeholders. You will play a vital role in safeguarding funds and documentation, ensuring a smooth transaction experience for all parties involved.
Key Responsibilities
- **Oversee the Escrow Process**: Manage all aspects of the escrow process, including opening, maintaining, and closing escrow accounts. Ensure that all documents and funds comply with contractual and legal requirements.
- **Document Management**: Prepare, review, and file essential documentation such as deeds, settlement statements, and loan documents, ensuring accuracy and adherence to state and federal regulations.
- **Coordinate with Stakeholders**: Serve as a friendly liaison between buyers, sellers, lenders, title companies, real estate agents, and other parties, ensuring timely and smooth closings.
- **Draft Escrow Instructions**: Create and follow escrow instructions based on agreements between buyers and sellers, ensuring all terms and conditions are fulfilled before closing.
- **Fund Management**: Safeguard and manage the disbursement of escrow funds in accordance with legal and contractual guidelines, facilitating timely payments for property taxes, insurance, and other necessary expenses.
- **Ensure Compliance**: Maintain compliance across escrow files with all relevant laws and company policies, including the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA).
- **Issue Title Policies**: Collaborate with title companies to issue title insurance policies and address any title issues or discrepancies prior to closing.
- **Customer Service Excellence**: Provide proactive and clear communication to all parties involved, addressing any concerns or questions to maintain high levels of customer satisfaction.
- **Record-Keeping**: Keep meticulous records of escrow accounts, documents, and closing transactions in our system.
- **Problem-Solving**: Identify and resolve potential issues or discrepancies in transactions, working collaboratively with other departments for timely resolutions.
- **Stay Informed**: Keep up-to-date with changes in escrow, title, and lending regulations, ensuring all transactions comply with the latest legal and financial guidelines.
Qualifications
**Education**
- High school diploma or equivalent required.
- Bachelor's degree in business, finance, real estate, or a related field preferred.
**Licensing**
- Must hold an Escrow Officer License in the state where services are provided (state-specific requirements apply).
- If applicable, a Title Insurance Producer/Agent License may be required depending on state and role involvement in issuing title insurance.
- Familiarity with RESPA and TILA regulations is essential.
- A Surety Bond may be required by the state.
**Experience**
- 3-5 years of experience in escrow, mortgage, real estate, or a related field.
- Experience with residential and commercial real estate transactions is preferred.
**Skills**
- Comprehensive knowledge of escrow procedures, title insurance, and mortgage lending.
- Strong organizational and multitasking skills.
- Exceptional attention to detail.
- Proficiency in escrow management software and MS Office tools.
- Excellent written and verbal communication skills.
Preferred Attributes
- Strong ability to manage multiple deadlines and thrive under pressure.
- A proactive problem-solving mindset with the ability to foresee and efficiently resolve potential issues.
- A customer-oriented approach, ensuring a high level of client satisfaction.
Why Join Us?
- Be part of a passionate team dedicated to providing efficient and streamlined services to real estate professionals.
- Enjoy the flexibility of a remote work environment that promotes work-life balance.
- Contribute to a dynamic and growing company where your efforts make a difference.
Employment Type: Full-Time
Salary: $ 80,000.00 120,000.00 Per Year
Job Tags
Full time, Remote job,