What are the responsibilities and job description for the Title Agency Residential Escrow Officer position at Title WRX Agency LLC?
We are seeking an experienced and detail-oriented Residential Escrow Officer to join our team at a fast-growing title agency. The Residential Escrow Officer will be responsible for managing residential real estate transactions from start to finish, ensuring that all parties adhere to legal and contractual obligations. This role involves working closely with buyers, sellers, lenders, and real estate agents to facilitate smooth and timely closings. The ideal candidate will have a strong background in escrow and title services, excellent customer service skills, and the ability to manage multiple transactions simultaneously.
Key Responsibilities:
- Oversee all aspects of residential escrow transactions, including opening, processing, and closing escrow files.
- Review and interpret real estate purchase agreements and lender instructions to ensure compliance with all escrow and title requirements.
- Prepare and review escrow instructions, settlement statements, and related closing documents for accuracy.
- Communicate with all parties involved in the transaction (buyers, sellers, lenders, agents, etc.) to coordinate closing timelines, gather required documentation, and resolve any issues that may arise.
- Handle funds associated with the transaction, including disbursement of escrow funds, ensuring accurate accounting of all transactions.
- Facilitate the signing of documents with clients and ensure that all required documentation is properly executed and notarized.
- Resolve title issues such as liens, encumbrances, and other title defects prior to closing.
- Ensure compliance with all federal, state, and local regulations regarding real estate transactions.
- Manage and track critical dates for each transaction to ensure timely closings.
- Provide exceptional customer service and maintain positive working relationships with all parties involved in the transaction.
- High school diploma or equivalent.
- 3-5 years of experience as an Escrow Officer or in a similar role within a title agency or real estate company.
- Strong understanding of residential escrow procedures, real estate contracts, and title insurance processes.
- Experience with escrow software systems (such as SoftPro, RamQuest, or ResWare) and proficiency with Microsoft Office Suite.
- Excellent organizational and time-management skills with the ability to handle multiple transactions simultaneously.
- Strong communication and interpersonal skills to effectively interact with clients, lenders, real estate agents, and other stakeholders.
- High attention to detail and accuracy in preparing and reviewing legal documents.
- Knowledge of federal and state real estate regulations, including RESPA and TRID requirements.
- Ability to resolve issues proactively and maintain composure in high-pressure situations.
- A notary public license or the ability to obtain one within a specified time frame.
Preferred Qualifications:
- Bachelor’s degree or additional coursework in real estate, business, or related fields is a plus.
- Established relationships with real estate agents, lenders, and other industry professionals.
- Certification as an Escrow Officer or professional development in title and escrow services.