Escrow Officer

AVA Consulting is seeking an Escrow Officer

Location: Phoenix, AZ

U.S. Citizens and those authorized to work in the U.S. are encouraged to apply. We are unable to sponsor at this time.

Job Description:

Under direction of location manager or supervisor, conducts commercial closing services for complex sales and loan transactions, which often involve a number of unusual contingencies to the transaction.

Duties and responsibilities:

• Provides service to consummate commercial transactions involving large or multi-parcel sales and loans; interprets the varied and complex terms and contingencies contained in escrows.
• Writes escrow instructions consistent with the general requirements of the parties and obtains their approval; orders and supervises preparation of legal papers, instructions, settlement sheets, and agreements.
• Insures compliance with binder or commitment prior to closing transaction; reconciles discrepancies between instructions and title report with principals by modifying escrow instructions, assisting principals in obtaining releases of liens and other encumbrances, and obtaining copies of legal documents necessary to clear title.
• Directs preparation, execution, and recording of notes, deeds, deeds of trust, and other authorized documents.
• Directs computation of interest and the proration of taxes, hazard insurance, loan interest, rents and other prorated items.
• Assists in maintaining computer in set up work for escrow special projects and prepares computer input sheets.
• Directs and participates in the preparation of construction loan disbursement cases.
• Correlates current survey to property description ascertaining its accuracy and completeness.
• Processes escrow files by receiving and completing forms for deposit in escrow accounts, transmitting escrow instructions and other documents to lender, preparing additional documents and escrow instructions as requested by the principals, real estate agents, and attorneys, and forwarding necessary documents and information to title officer.
• Closes escrow files by carrying out routine maintenance tasks such as receipting title insurance and recording fees from title officer and balancing file; drawing escrow closing statements showing debits and credits of parties involved; transmitting checks, closing statements, policies, etc. to the respective parties involved; and maintaining follow-up necessary for completion of transactions and issuance of policy.

Requirement:

• High school diploma/equivalent with courses in bookkeeping and mathematics with five years of escrow experience, including three years handling large residential or commercial closings, or an equivalent combination of education and experience.
• Post-high school courses in real estate principles and real estate law desired.
• Thorough knowledge of the purpose and use of title insurance and sales and service techniques; legal descriptions, legal documents, escrow procedures, and terminology; and computing interest and prorating taxes.
• Considerable knowledge of local techniques, procedures, and regulations involved in the escrow closing of real property; of interviewing escrow principals, writing escrow instructions, reviewing preliminary title reports, prorating taxes; and of the principles of mortgage lending and underwriting.
• Considerable ability to interview escrow principals; to plan and carry out an efficient escrow closing program; and to establish and maintain harmonious and effective relationships with other employees and the public.
• Analytical ability sufficient to perform assignments guided by general escrow procedures with minimal instructions from superior and to complete escrow cases requiring interpretation of highly involved terms and contingencies. Complexity of assignments requires meeting customer requirements and deadlines or a substantial monetary loss to the company may result.
• Ability to communicate effectively both orally and in writing, in person and by telephone.

NOTE: Interested Candidates can apply by sending their Updated Resume and Contact Details.

Ron Tolson

AVA Consulting

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