Escrow Assistant Job Description

escrow assistant job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Escrow Assistant Job Description

An escrow assistant is a title agent who acts as an impartial third party handling the funds involved in the escrow process.

Typically, an escrow assistant is hired by the lender or seller to ensure that a buyer and seller come to terms on the terms of the sale and sign a legally binding contract.

The escrow assistant collects funds from the buyer and deposits the funds into an account that is held by the escrow assistant until closing.

Its role is to ensure that the terms of the contract are met and that the transaction closes as scheduled.

The escrow assistant also ensures that payment for taxes and insurance is remitted to the proper parties.

They also prepare the deed and title documents and ensure the title is clear of any

Job Brief:

We’re looking for an Escrow Assistant to join our team. The Escrow Assistant will be responsible for providing administrative and clerical support to the Escrow department. This person must be detail oriented, organized, and have excellent communication skills.

Escrow Assistant Duties:

  • Assist escrow officers with all aspects of escrow activities by providing customer service support
  • Assist with escrow and closing documents
  • Establish and maintain relationships with borrowers, sellers, and many others involved in the transaction
  • Provide assistance with market analysis and home valuation
  • Conduct preliminary title research to identify any current proceedings and liens
  • Complete loan origination and documents, prepare closing statements, and reconcile accounting
  • Prepare and distribute other documents as required

Escrow Assistant Responsibilities:

  • Coordinate with outside escrow agents to ensure timely transfer of funds
  • Verify owner’s and contractor’s funds are deposited correctly into the project account
  • Attend closings to provide notary services
  • Assist in final project closeout, including preparation of final occupancy certificates and release of lien waivers
  • Compile payment vouchers for customer service
  • Repay loan funds, draw checks, reconcile bank statements, and make deposits
  • Monitor project accounts with cash flow projections

Requirements And Skills:

  • Bachelor’s degree from an accredited institution
  • Minimum 2 years of experience as an escrow assistant, with 3+ years of previous real estate experience preferred
  • Knowledge of escrow procedures, legal documents, and conditions
  • Excellent communication skills
  • Proven ability to organize and prioritize

At Company Name, we believe that diversity and inclusion are essential to success. We are committed to building a team that reflects our values of fairness and respect for all. We welcome applications from people of all races, religions, national origins, genders, and ages, as well as veterans and individuals with disabilities.

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