Escrow Officer

Determines closing requirements by studying and clarifying buyer, seller, and lender instructions. Orders title reports for issuing title insurance, 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 settlement statement by utilizing lender instructions. Closes escrow account by balancing and disbursing funds.

According to JobzMall, the average salary range for a Escrow Officer in 17 W Broadway, New York, NY 10007, USA is $40,000 to $65,000 per year. This range varies depending on factors such as the candidate's level of experience, qualifications, and the size of the company.

First American Financial Corporation provides comprehensive title insurance protection and professional settlement services for homebuyers and sellers, real estate agents and brokers, mortgage lenders, commercial property professionals.