Commercial Escrow Officer (Remote)

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timePosted 7 days ago location United States salarySalary undisclosed
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Job Description

Company SummaryJoin our team! First American's National Commercial Services division provides single-point service for simple to multi-property/multi-state national commercial real estate transactions. As a global leader in providing title insurance, settlement services and risk solutions for real estate transactions, First American (NYSE: FAF) is an ideal place to build your career. We have been entrusted with helping our customers achieve and protect their dream of homeownership since 1889. We believe that our people are the key to the company's continued success, and we invest in diverse talents and backgrounds and empower our teams to achieve more than they could anywhere else. First American has created an award-winning culture and has been named to the Fortune 100 Best Companies to Work For list for the fifth consecutive year and to more than 50 regional Best Places to Work lists. For more information, please visit SummaryResponsible for establishing new escrow accounts and processing escrow documents in accordance with established policies andprocedures. Acts as a neutral third-party between buyers and sellers during a real estate sale, managing funds and processing real estatetransactions. Provide support to Commercial Underwriting/Closing department by assisting with customer service and administrative duties related to escrow closings.Essential FunctionsDetermines escrow requirements by studying and clarifying buyer, seller, and lender instructions.Interprets earnest money, escrow and purchase agreements as they relate to closing and prepare all documents required for transactions (ex. W-9, 1099, wire instructions)Establishes escrow account by depositing funds; maintaining records.Prepares transaction documents by completing forms and statements; collecting and reviewing existing documents.Completes calculations by prorating taxes and interest.Completes closing transaction documents by assembling documents; explaining provisions and procedures; answering questions; checking documents for completeness and accuracy; obtaining signatures.Completes closing by recording and filing documents; preparing and distributing final closing statements and title.Closes escrow account by balancing and disbursing funds.Complies with regulatory requirements by adhering, and enforcing adherence, to requirements.Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.Enhances organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.Knowledge and Skills/Technology UsedKnowledge of standard concepts, practices, and procedures within the escrow/title industry fieldKnowledge of Microsoft Office applicationsGood client relations and organizational skillsAbility to write routine reports and correspondenceAbility to speak effectively before groups of customers or employees of organizationAbility to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentagesDetail-oriented and professional; able to handle confidential informationTypical EducationHigh School diploma or equivalentTypical Range of Experience2-4+ years Commercial escrow experienceAbility to work remote with the right experience.First American invests in its employees' development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer. For more information about our Company and our dedication to putting People First, check out