Commercial Settlement Agent - Westcor Land Title Insurance Company

Commercial Settlement Agent - Westcor Land Title Insurance Company

Job Category : Specialty

Requisition Number : COMME001848

Full-Time

On-site

Plymouth Meeting, PA 19462, USA

Description

Position Summary : The Commercial Settlement Coordinator at Westcor, is responsible for managing the commercial settlement processes. This role involves collaborating closely with managers to ensure all settlement documentation is accurate and complete. Looking for someone with strong organizational abilities, attention to detail, and effective communication skills. The coordinator will play a crucial role in facilitating smooth and efficient settlement operations.

Essential Functions :

Role and Responsibilities :

For Disbursement Only Transactions :

• Accept and open files from Agents and / or Agency Representatives on behalf of Agents. Communicate product requirements and provide appropriate wiring instructions promptly.
• Receive and recreate settlement statements received for disbursement-only files in a timely fashion.
• Request / obtain payoffs, invoices, wiring instructions, and overnight addresses for any anticipated disbursements.
• Review and independently validate all wiring instructions, and prepare overnight label(s) for any payments not being wired.
• Confirm receipt of all necessary funds to disburse.
• Obtain funding authorization from appropriate parties.
• Initiate all wires and work with others to ensure the release of all wires. Print all checks and supporting evidence to be included in overnight packages.
• Communicate disbursement status and provide a confirmation number. Report / disbursement ledger to all parties.
• Verify against the closing statement that all disbursements have been paid promptly and correctly.
• Manage relationships with title agents and companies to help them facilitate their disbursements.
• Correspond with agents, clients, lenders, builders, real estate agents, and attorneys as needed.
• Follow up on any held funds and escalate as necessary to ensure all transactions get to zero balance as quickly as possible.

For Insured Transactions :

General :

Competencies :

We offer some great perks :

Work Environment :

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.

Physical Demands :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to sit, stand; walk; use hands to handle, or feel; and reach with hands and arms.

Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.