Escrow Officer

Company: Foundation Escrow

Job Summary:
An Escrow Officer facilitates real estate transactions by acting as a neutral third party responsible for ensuring that all conditions of the sale are met before the transfer of property ownership occurs. They oversee the escrow process, manage funds, prepare documents, and coordinate with various parties involved in the transaction.

Responsibilities:

• Escrow Process Management:
• Manage the entire escrow process from opening to closing.
• Review purchase agreements, title commitments, and other relevant documents to ensure compliance with contract terms and legal requirements.
• Prepare escrow instructions and documents necessary for the transaction.
• Coordinate with lenders, real estate agents, buyers, and sellers to gather required documentation and information.
• Funds Management:
• Receive and disburse funds related to the transaction, including earnest money deposits, down payments, and closing costs.
• Maintain accurate records of all financial transactions and ensure compliance with regulations.
• Calculate prorations, taxes, and other adjustments as necessary.
• Document Preparation and Review:
• Prepare closing documents, including deeds, affidavits, and settlement statements.
• Ensure all documents are accurately completed and executed according to legal requirements.
• Review title reports and resolve any issues that may affect the transfer of property ownership.
• Communication and Coordination:
• Serve as the primary point of contact for all parties involved in the transaction.
• Communicate effectively with buyers, sellers, lenders, real estate agents, and attorneys to provide updates and address any concerns.
• Coordinate scheduling for property inspections, appraisals, and closing appointments.
• Compliance and Risk Management:
• Stay informed about relevant laws, regulations, and industry best practices.
• Ensure compliance with escrow procedures, company policies, and legal requirements.
• Identify and mitigate potential risks associated with the escrow process.

Qualifications:

• Bachelor's degree in business, finance, or a related field (preferred).
• Previous experience working in escrow, title, or real estate transactions.
• Strong understanding of real estate laws and regulations.
• Excellent communication and negotiation skills.
• Attention to detail and ability to manage multiple tasks simultaneously.
• Proficiency in relevant software applications, such as escrow management systems and Microsoft Office Suite.
• Licensing or certification may be required depending on state regulations.

Why Foundation Escrow is the place to be!

• Competitive salary with significant monthly commission structures
• 20K signing Bonus
• Company Culture! At Foundation Escrow it truly is like a family. We work together as a team and always recognize/celebrate each other’s success, accomplishments, birthdays, anniversaries, personal/team records, you name it, we make it special!
• Full health benefits + 401kplan with a 4% company match
• An innovative team of experienced Sales Reps with track records for building strong desks consistently and for the long hall
• PAID vacation
• Strong Company Brand/Social Media Presence & following- attracts recognition, promotes credibility, and brings us more exposure among local Real Estate Agents & Loan Officers (escrow can seem archaic, at Foundation, we keep up with the times!)

Escrow Officer must provide excellent service, be a team player, and have 2+ years of recent experience as an EO. APPLY TODAY!

Working Conditions:

• This is a hybrid role.
• May require occasional overtime or weekend work to accommodate closing schedules.
• Interaction with clients and other parties involved in real estate transactions is common.

The role of an Escrow Officer is critical in ensuring the smooth and secure transfer of property ownership, requiring a combination of financial expertise, legal knowledge, and excellent communication skills.

Job Type: Full-time

Pay: $66,621.00 - $71,293.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Retirement plan
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Application Question(s):

• Do you have a current Book of Business

Ability to Relocate:

• San Diego, CA 92128: Relocate before starting work (Required)

Work Location: Hybrid remote in San Diego, CA 92128