Real Estate Licensed Loan Escrow Officer - Patriot Title (Remote - USA)

Job Description

Job Description

Job Description : Loan Escrow Officer

Company : Patriot Title

Position : Real Estate Licensed Loan Escrow Officer

Location : Remote (USA)

Status Type : Full Time Employee

Compensation : Based on experience

Affiliate of : Website : https : / / trophypointlending.com

Job Summary

The Loan Escrow Officer is responsible for managing the escrow process for real estate and mortgage transactions, ensuring compliance with legal regulations and lender requirements.

The role includes facilitating communication between buyers, sellers, lenders, and other stakeholders to ensure smooth processing of real estate transactions while safeguarding funds and documentation.

Key Responsibilities

• Oversee Escrow Process : Manage all phases of the escrow process, including opening, maintaining, and closing escrow accounts, ensuring all documents and funds meet contractual and legal requirements.
• Document Management : Prepare, review, and file all necessary documentation, including deeds, settlement statements, and loan documents.

Ensure accuracy and compliance with state and federal regulations.

• Coordinate with Stakeholders : Act as a liaison between buyers, sellers, lenders, title companies, real estate agents, and other parties to facilitate smooth and timely closings.
• Escrow Instructions : Draft and follow escrow instructions in accordance with buyer and seller agreements, ensuring that all terms and conditions are met before closing the transaction.
• Fund Management : Safeguard and manage the disbursement of escrow funds according to legal and contractual guidelines.

Ensure timely payments for property taxes, insurance, and other required payments.

• Compliance : Ensure that escrow files comply with all applicable laws and company policies, including the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA).
• Issue Title Policies : Work with title companies to issue title insurance policies and resolve any title issues or discrepancies that could affect the closing.
• Customer Service : Provide clear and proactive communication to all involved parties, maintaining high levels of customer satisfaction.

Address any concerns or questions from clients, buyers, or sellers.

• Record-Keeping : Maintain meticulous records of escrow accounts, documents, and closing transactions in the company’s system.
• Problem-Solving : Identify and resolve potential issues or discrepancies in a transaction, collaborating with other departments to ensure timely resolutions.
• Stay Updated : Keep abreast of changes in escrow, title, and lending regulations, ensuring all transactions comply with the latest legal and financial guidelines.

Qualifications Education

• High school diploma or equivalent required.
• Bachelor’s degree in business, finance, real estate, or a related field preferred.

Licensing

• Licensed Escrow Officer : Must hold an Escrow Officer License in the state where services will be provided (state-specific requirements apply).
• If applicable, may need a Title Insurance Producer / Agent License depending on state and role involvement in issuing title insurance.
• Familiarity with compliance for Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) regulations.
• Surety Bond may be required by the state.

Experience

• 3-5 years of experience in escrow, mortgage, real estate, or a related field.
• Experience with residential and commercial real estate transactions preferred.

Skills

• Excellent knowledge of escrow procedures, title insurance, and mortgage lending.
• Strong organizational and multitasking abilities.
• Exceptional attention to detail.
• Proficient in escrow management software and office tools like MS Office.
• Excellent communication skills, both written and verbal.

Preferred Attributes

• Strong ability to manage multiple deadlines and work under pressure.
• Problem-solving mindset with the ability to foresee potential issues and resolve them efficiently.
• Customer-oriented approach, ensuring a high level of client satisfaction.

Why Join Patriot Title :

• Be part of a dedicated team committed to providing streamlined and efficient services to real estate professionals.
• Enjoy the flexibility of a remote work environment.
• Contribute to a dynamic and growing company.

About Us :

Patriot Title is dedicated to providing exceptional title services. We work hand in hand with our clients to offer streamlined and efficient support, ensuring a seamless experience throughout the loan process.

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