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Commercial Escrow Officer

  • Location: Los Angeles, 90017
  • Job Type:Contract

Posted 13 days ago

Come work for the industry leader of title insurance and transaction services to the real estate and mortgage industries and be part of an organization that has consistently been selected by Fortune as one of The World's Best Companies to work for.
 
Position: Commercial Escrow Officer
Location: Los Angeles, CA 90017
Term: 12 months
 
Day-to-Day 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 the preparation of legal papers, instructions, settlement sheets, and agreements.
  • Ensures 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 computers in setting 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.
  • May train, assign and review work of escrow technician and escrow closer.
  • May travel within the area to perform real estate transaction closings at other locations.
  • May contact present and prospective commercial customers to solicit title insurance business, ascertain service needs of the customer, and provide insurance services for the customer; perform public relations functions in accordance with the sales program of the office or area.
  • Processes escrow files by receiving and completing forms for deposit in escrow accounts, transmitting escrow instructions and other documents to the 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 the completion of transactions and issuance of the policy.
  • Opens escrow files and sets up new files with the appropriate information, obtaining necessary additional information from parties involved in the transaction and preparing and transmitting escrow instructions to parties involved.
  • Proofreads and transmits title policies and other pertinent papers to parties involved.
  • Transmits disbursements of any monies held in escrow for payments of repairs, assessments, taxes, and for other purposes.
  • Assists customers by providing general information on company escrow services, procedures, and status of cases.
  • Performs clerical duties such as filing, answering the phone, logging in cases, and typing forms and correspondence.
  • May maintain bookkeeping records on construction disbursement cases, post the appropriate accounts, and forward the necessary information to headquarters.
  • May assist with conducting closings, as directed, where meeting with parties to the transaction is involved; may conduct such closings on cases of limited complexity and as directed by the supervisor.

Is this a good fit? (Requirements):
  • 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 establish and maintain harmonious and effective relationships with other employees and the public.
  • Analytical ability is sufficient to perform assignments guided by general escrow procedures with minimal instructions from superiors and to complete escrow cases requiring interpretation of highly involved terms and contingencies. The 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.
  • Knowledge of the purpose and use of title insurance and of related services and of the purpose and terminology of legal instruments involved in escrow transactions and in the insuring of title to real property.
  •  Ability to determine and prepare necessary forms to complete escrow transactions; to type forms accurately; to follow instructions; make arithmetic computations and meet and deal with the public effectively.
  • Analytical ability is sufficient to perform varied tasks of limited complexity guided by general company escrow procedures and escrow supervisor instructions.
  • Ability to operate a personal computer and to use common office suite software, such as word processing and spreadsheet applications.
  • Ability to effectively communicate orally and in writing, in person, and by telephone.

 

Candidates will be responsible for following the client's COVID-19 protocols. Please refer to your MATRIX representative for specifics.

About Us

At MATRIX, we expertly match talented professionals with job opportunities to elevate careers. Since 1983, we have placed thousands of professionals at innovative clients across every industry ranging from small startups to Fortune 50 companies. It’s why we’re consistently in the top 25 of all U.S. IT staffing firms and why our consultants rate us well above the industry average, earning us ClearlyRated's Best of Staffing awards year after year. People come to us for a job, and stay with us because of our top-notch consultant care.

MATRIX is and Equal Employment Opportunity employer including disability and veteran and provides reasonable accommodations for all qualified individuals.  Supporting medical or religious documentation will be required where applicable. If you are a qualified individual you may request a reasonable accommodation under the American Disability Act (ADA). If you are a person with a disability needing assistance applying, or at any point in the hiring process, please email us at MATRIX_HR@MatrixRes.com. To ensure a quick response to your request, please use the words “Accommodation request” as the subject line of your email.