Draper, UT, United States

Escrow Officer in Utah

 Job Description:

The Escrow Officer is responsible for Coordinating real estate business, and supervising that all legal paperwork has been completed. Which includes processing and ensuring the property titles are clear, debts have been paid, and financial obligations have been met. You would need to coordinate with lenders, real estate agents, and other parties to ensure all requirements are met before closing. You would also be in charge of the safekeeping of the earnest money and transferring funds once the deal has been closed.


Duties:
- Manage the escrow process from start to finish, ensuring all necessary documentation is collected and reviewed.
- Coordinate with lenders, real estate agents, and other parties involved in the transaction to ensure a smooth closing process.
- Prepare and review closing documents, including settlement statements and title insurance policies.
- Conduct thorough research and analysis of property records to identify any potential issues or discrepancies.
- Communicate with clients and provide timely updates on the progress of their escrow transactions.
- Adhere to all applicable laws, regulations, and company policies throughout the escrow process.
- Maintain accurate and organized files and records related to each escrow transaction.

Requirements:
- Strong knowledge of escrow procedures, including experience with FNMA guidelines, TILA regulations, and Fair Housing regulations.
- Familiarity with loan processing, loan origination, underwriting, and mortgage servicing.
- Excellent attention to detail and strong analytical skills for reviewing complex financial documents.
- Ability to work independently and manage multiple escrow transactions simultaneously.
- Strong communication skills to effectively interact with clients, lenders, real estate agents, and other stakeholders.
- Proficiency in math to accurately calculate fees, interest rates, and prorated amounts.
- High level of professionalism and integrity in handling confidential client information.

Please note that this is not an entry-level position. Prior experience as an Escrow Officer or a similar role in the financial services industry is required.

  Required Skills:

Finish Settlement Financial Services Real Estate Analytical Skills Insurance Regulations Records Research Documentation Business Communication