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Escrow Account Manager Jobs in Michigan (NOW HIRING)

Escrow Account Management: * Review purchase agreements and other applicable documents to assure understanding and compliance with contractual details affecting the transaction * Establish and ...

Escrow Account Management: * Review purchase agreements and other applicable documents to assure understanding and compliance with contractual details affecting the transaction * Establish and ...

Escrow Account Management: * Review purchase agreements and other applicable documents to assure understanding and compliance with contractual details affecting the transaction * Establish and ...

Escrow Officer (in office)

Grand Rapids, MI · On-site

$24.42 - $32.56/hr

The Escrow Officer is responsible for handling real estate transactions by establishing new escrow accounts, managing funds, processing documents for closings, and completing settlements in ...

Responsible for handling real estate transactions by establishing new escrow accounts, managing funds, processing documents for closings, and completing settlements in accordance with established ...

... management, and attention to detail. The ideal candidate is a team player with a strong desire to ... Communicate directly and confidently with customers, providing a detailed account of difficult ...

Escrow Assistant

Grand Rapids, MI · On-site

$18.75 - $23.75/hr

... managing client communications, and handling closing logistics. The ideal candidate possesses ... Health Savings Account (HSA) * Vision and Dental insurance options * 401(k)/Roth retirement plans ...

Escrow Assistant

Grand Rapids, MI · On-site

$18.75 - $23.75/hr

... managing client communications, and handling closing logistics. The ideal candidate possesses ... Health Savings Account (HSA) * Vision and Dental insurance options * 401(k)/Roth retirement plans ...

... escrow, and 1031 Exchange operations. Additionally, you will deliver proactive communication ... Strong accountability and exceptional territory management skills * Experience meeting sales quotas ...

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Escrow Account Manager information

What is the difference between Escrow Account Manager vs Escrow Officer?

AspectEscrow Account ManagerEscrow Officer
CredentialsReal estate license, escrow certificationReal estate license, escrow certification
Work EnvironmentBanking, escrow companies, real estate firmsTitle companies, escrow firms, real estate agencies
ResponsibilitiesManaging escrow accounts, client communication, account reconciliationPreparing escrow documents, closing transactions, verifying funds

Both roles require similar credentials and work in related environments within the real estate and banking industries. The Escrow Account Manager focuses on managing escrow accounts and client relations, while the Escrow Officer handles transaction closings and document preparation. Understanding these distinctions helps clarify career paths and job expectations in the escrow industry.

What does an escrow account manager do?

An escrow account manager oversees the management of escrow accounts, ensuring that funds are collected, held securely, and disbursed according to the terms of a transaction, typically in real estate or finance. They verify documentation, communicate with involved parties, and ensure compliance with legal and contractual requirements, often using specialized software. Strong organizational skills and attention to detail are essential for this role.

What are the key skills and qualifications needed to thrive as an escrow account manager?

To thrive as an Escrow Account Manager, you need a thorough understanding of escrow processes, real estate transactions, and financial regulations, often supported by experience in banking or real estate and a relevant degree. Familiarity with escrow management software, document management systems, and compliance platforms is typically required. Strong attention to detail, problem-solving abilities, and effective communication skills help build trust with clients and coordinate between multiple parties. These skills are essential for ensuring accuracy, regulatory compliance, and smooth transaction closures in a high-stakes environment.

What is an escrow account manager?

Escrow Account Managers are professionals responsible for overseeing and managing escrow accounts, which are third-party accounts used to hold funds during real estate transactions or other financial agreements. Their main duties include coordinating with buyers, sellers, lenders, and real estate agents to ensure all contractual obligations are met before funds are released. They handle documentation, compliance checks, and disbursement of funds, ensuring transactions are secure and transparent. Escrow Account Managers play a vital role in reducing risks for all parties involved in a transaction.

What are some common challenges faced by escrow account managers, and how can they be addressed?

Escrow Account Managers often encounter challenges such as managing multiple transactions simultaneously, ensuring compliance with strict regulatory requirements, and maintaining clear communication between all parties involved. Balancing these responsibilities requires strong organizational skills and attention to detail. Proactively using workflow management tools, staying updated on industry regulations, and fostering transparent communication with clients, lenders, and agents can help address these challenges and ensure smooth transaction closures.

What is escrow account management?

Escrow account management involves overseeing and maintaining escrow accounts, which are specialized accounts used to hold funds securely during transactions such as real estate deals. An escrow account manager ensures funds are collected, disbursed, and recorded accurately according to the terms of the agreement, often using escrow software and requiring attention to detail and compliance with regulations.
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Full-time

Posted 12 days ago


Job description

Description

Position Summary:

The Full-Service Escrow Officer serves as the primary client relationship manager who is responsible for coordinating all aspects of the real estate transaction and communicating between parties in relation to the escrow closing. Escrow Officers are in regular contact with brokers, real estate agents, builders, attorneys, lenders, and other clients to obtain information to complete transactions. As a member of our escrow team, the Escrow Officer prepares closing statements for purchase and refinance transactions, coordinates title clearance, verifies tax information from taxing authorities, order payoffs from lien holders, order subordinations, and schedules closings. The individual in this role will need to possess excellent communication and interpersonal skills with an unwavering commitment to exceed our customers' expectations throughout the escrow closing experience.


Essential Functions:

  • Escrow Account Management:
  • Review purchase agreements and other applicable documents to assure understanding and compliance with contractual details affecting the transaction
  • Establish and maintain escrow accounts for residential and commercial real estate transactions
  • Research and prepare accurate escrow instructions, ensuring compliance with loan documents, state regulations, and industry standards
  • Collaborate with the disbursement team to accurately process and disburse funds in accordance with legal requirements
  • Customer Service:
  • Provide exceptional customer service to buyers, sellers, lenders, and other parties involved in the transaction
  • Assist customers in setting up and troubleshooting online accounts
  • Resolve customer complaints and disputes professionally and promptly
  • Title Insurance Integration:
  • Review title commitment to ensure accurate title research and distribution of necessary documents
  • Collaborate with title exam professionals and underwriters to address potential issues, claims, or discrepancies that may affect the sale
  • Order title commitment updates, tax updates and pay-off updates as needed
  • Document Preparation:
  • Prepare settlement statements and closing documents, including closing disclosures and other necessary paperwork
  • Verify the accuracy of all escrow documents and loan documents
  • Coordinate the transaction process with real estate agents, lenders, borrowers, buyers, and sellers 
  • Compliance and Accuracy:
  • Ensure adherence to state regulations, loan terms, and industry best practices.
  • Maintain meticulous records and filing systems for escrow accounts.
  • Teamwork
  • Provide support to Branch Manager and other Escrow Officers to assure client needs are met across all Sun Title locations
  • Participate on project teams to advance the goals aligned with company initiatives 
  • Other duties as assigned

Requirements

Core Competencies:

  • Culture Champion - Be a living example of Sun Title's mission, vision, and values
  • YES! Advocate - Exhibits the spirit of our YES! company culture
  • Expert Communicator - Proactively communicates in an articulate and informative fashion
  • Coachable - Humbly asks questions, acknowledge mistakes, and is eager to learn new skills
  • Trusted - Respects the bounds of confidentiality and builds rapport quickly with integrity
  • Level-headed - Maintains professional and composed demeanor in all situations
  • Dependable - Demonstrates reliability and thoughtfulness, placing others first
  • Happy - Exudes a genuine enjoyment for people, work, and life

Required Skills/Abilities:

  • Excellent verbal and written communication skill with ability to communicate in English, required 
  • Excellent attention to detail, time management and organizational skills and with a demonstrated ability to meet deadlines
  • Intermediate level proficiency in industry specific software (ResWare, Proform Select), preferred
  • Intermediate level proficiency in software such as Microsoft Office 365 (Word, Excel, Outlook, etc.), required

Education and Experience:

  • Minium of a High school diploma or GED, required; 
  • Advanced knowledge of real estate transactions and escrow services, preferred 
  • Minimum of 2 years related industry experience, preferred
  • Valid Title Producer's License, as required by applicable state law, within 1 month of hire
  • Valid Notary Public License, as required by applicable state law, within 1 month of hire
  • Driver's license, required

Physical Requirements:

  • Prolonged periods of sitting at a desk and working on a computer
  • Must be able to lift up to 30 pounds at times
  • Ability to drive vehicle to run errands daily/weekly