What are the responsibilities and job description for the Escrow Closer position at Proper Title LLC.?
Proper Title is a full-service title insurance agency serving the residential and commercial real estate industries throughout the Chicagoland area. The agency is known for its’ exceptional level of customer service, and providing dedicated staff for each closing to ensure greater efficiency and shorter closing times. We are rapidly growing and have the opportunity to add an Escrow Closer to our team in the Chicago loop.
Required Qualifications :
IL residential experience required
IL Commercial experience a plus
Must know SoftPro
Fully in-office
College degree preferred
The Escrow Officer will be an integral part of the Escrow Operations team by performing the duties listed below :
Take calls from Attorneys, Lenders, Sellers, Buyers, their agents and other parties daily.
Open new escrow transactions and processing escrow documents in accordance with established policies and procedures.
Interpret earnest money agreements as they relate to closing and prepare escrow documents required for transactions and disbursements
Prepare loan packages for refinance transactions and complete disbursement.
Post and prepare receipts for all funds received from Customers and / or lenders
Provide wiring instructions.
Create bank or software templates as instructed by Manager.
Review prepared documents for recording in different Counties : Assure that documents sent for recording fulfill not only the Recording Regulations, but also the Lenders' and make some corrections as necessary.
Drive closing performance, meet closings dates, provide a great customer experience.
Train on Proper Title’s procedures in closing refinance and sale / purchase transactions.
Complete closings as necessary and requested by Manager.
Manage the entire real estate closing process from start to finish, including but not limited to maintaining compliance with real estate contracts, lender instructions, title requirements, company requirements and other written instructions.
Understand the escrow process to determine what steps need to be taken to transfer the title of property pursuant to the conditions called for in the real estate contract and lender instructions.
Collaborate with the title department to resolve title issues such as legal descriptions, easements, lot splits, vesting, all tax liens, abstracts of judgments, bankruptcies, boundary disputes, encroachments, list pendants, etc. during file prep or prior to the closing, if possible.
Prepare all closing documents necessary to ensure title insurance is issued at closing.
Oversee the issuance of checks, bills / statements / invoices, receipts, and any other documents needed to ensure customer satisfaction.
Secure all documents (corrective and others) that may be required for the issuance of title insurance by, including but not limited to, working with our Accounting and CD Processing Department.
Conduct closing with professionalism with customer, realtor, lenders, and attorneys.
Correspond as necessary with our customers, lenders, builders, real estate agents with closing related questions.
Prior to disbursement, confirm all funds are collected, all appropriate documents are checked for accuracy, signatures are collected, and acknowledgements and legal descriptions are correct
Collect all taxes due, HOA dues, and any delinquencies and / or principal and interest
Ensure all payoffs have been collected, mailed, delivered or wired according to instructions.
Verify against the HUD / Settlement statement that all disbursements have been paid correctly.
Prior to submitting your recording package to the Recording Department, verify all legal documents for correct acknowledgements, legal, and lien information.
Manage and develop client relationships to ensure future real estate closing transactions.
Other duties as assigned
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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