Escrow Officer
Job
First American
Location:
Scottsdale,
AZ
Job Code -
17847BR
Job First Active on:
Monday, July 19, 2010
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JOB DESCRIPTION:
Escrow Officer
First American Title Insurance Company, the largest subsidiary of The First American Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for purchases, construction, refinances, or equity loans. The company’s thorough searches, title clearance, and insurance help to produce clear property titles and enable the efficient transfer of real estate. For more information, visit www.firstam.com.
Responsible for establishing new escrow accounts and process escrow documents in accordance with established policies and procedures.
? Completes real estate escrow transactions by determining requirements; clearing titles; assembling, preparing, and reviewing closing documents; disbursing funds.
? Determines escrow requirements by studying and clarifying buyer, seller, and lender instructions.
? Obtains clear title by ordering title reports; resolving title defects; satisfying existing liens and encumbrances against property or principals.
? 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; reviewing papers with parties; 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.
? Prepares HUD by utilizing lender instructions.
? 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.
Job Qualifications 2-4 years related experience with 3+ years experience directly handling escrow transactions as an escrow assistant.
% of Travel Required None
NOTICE: Individual is responsible to adhere to First American Corporation’s and department’s compliance and information security policies, practices, and procedures, including the handling of systems and data, in the performance of the role.
Scottsdale, AZ
Scottsdale, Arizona
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