Escrow Officer

Albuquerque, NM

Old Republic Title has an excellent opportunity available for an Escrow Officer at our Albuquerque, NM office. TO APPLY, please click HERE to head to our new Careers page.

JOB DESCRIPTION

Welcome to Old Republic Title, one of the nation's leading title insurance companies. Founded in 1907, Old Republic Title has a long-standing history in providing real estate settlement services and title insurance to our customers, helping protect their ownership rights in real property.

We have a strong culture grounded by core values that empower our employees to build a lifelong career in an exciting and fast passed industry. Not only do our employees enjoy the security of working for one of the nations largest insurance holding companies, we offer an excellent benefits package to include, health, vision, dental and retirement plan options.

We strive to do business the right way with a commitment to Integrity, Ethical business practices and service Excellence. We Encourage an environment of Unity and Trust that empowers employees and Supports the Success of those we serve.

SUMMARY

Reviews and analyzes Earnest Money Contract, title commitment and closing instructions in order to determine the most effective and efficient means to professionally perform real estate closings. Conducts real estate closings with borrowers and sellers and their representative, disburses funds, records documents, returns closing packages to lenders and is responsible for the proper accounting of all the funds.

ESSENTIAL FUNCTIONS

  • Responsible for the management including accuracy and completeness of work product of their assigned Escrow Assistant, if any.
  • Manages workflow of their assigned Escrow Assistant, as required, in order to confirm all necessary documents are in the file prior to closing.
  • Independently develops unique and effective strategies to retain current customers, so that they become repeat customers.
  • Manages closing transaction from start to conclusion.
  • Reviews title commitments and decides how to cure any title problems and how to comply with any specific instructions.
  • Pre-works settlement statement. Confirms at that time, taxes and maintenance are correct; computes taxes for new constructions; enters payoff information into computer.
  • Communicates with builder, real estate agent, mortgage company, etc. regarding specific closing instructions and other title company requirements.
  • Determines how to prepares settlement statement in accordance with the terms of the Earnest Money Contract, lender's closing instructions and applicable federal and state rules and regulations. Prepares settlement statement accordingly. Reviews instructions as to requirements for funding.
  • Responsible for conducting a professional closing which includes following lender's closing instructions; make sure all funds have been receipted and are good funds; confirms disbursement sheet matches settlement statement; the file is balanced; all names and legal descriptions are shown correctly on each document; and file is fully maintained.
  • Responsible for making sure that all documents are timely recorded. Ascertain that assigned Escrow Assistant, if any has accurately prepared package and shipped to the lender; order title policies.
  • Must be able to independently make time-sensitive choices in matters that have a significant financial impact on the Company during the closing process.
  • Must be able to professionally and diplomatically handle and resolve any complaints or disputes surrounding the entire closing transaction.
  • Assist in establishing and maintaining guidelines and/or implementing new procedures to ensure quality, operational efficiently and performance levels.
  • Assist in the development and maintain direct production capabilities and vendor networks capable of providing accurate, reliable and timely valuation product
  • Educate customers on specific title insurance terminology, procedures and regulations.
  • Maintain a close communication with Abstract, Examination and Word Processing making sure all files are ready to close on a timely basis.
  • Marketing at functions to promote the Company and communicating with Sales/Marketing Representatives to establish customer needs as necessary.
  • Regular and consistent attendance is required that could included after hour Company events that involving customers entertainment and educational events.
  • Ability to foster, develop and maintain professional and collaborative working relationships.
  • Ability to work from 8:00 a.m. to 5:00 p.m. Monday through Friday however hours may fluctuate as business needs require.

KNOWLEDGE/SKILLS/EXPERIENCE REQUIRED

Requires aptitude for figures and accounting functions, must have strong organizational skills, and be detail-oriented.

Excellent interpersonal, written and verbal communication skills.

Excellent problem solving abilities.

Must have a valid driver's license

Ability to understand and interpret complex federal and state rules and regulations applicable to the title insurance industry and communicate same to real estate agents, lenders and builders.

If required by law must be able to meet the criteria and be licensed by the State.

Ability to prioritize and handle multiple projects.

Additional Comments:

This is a general posting for the Albuquerque area. Actual office location may vary depending on the candidate and our needs at the time.

Experience:

  •  5+ years

 

The above statements reflect the principal function and most significant duties of the job, and shall not be construed as a detailed description of all the work requirements that are inherent in the job.

We offer a competitive salary, and excellent benefit package including health, life and disability insurance; paid time off; and retirement plans. TO APPLY, please click HERE to head to our new Careers page.


Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please contact your human resources representative regarding the application process.

Old Republic Title is an Equal Opportunity Employer