Job at a glance
We are thrilled to announce our newly relocated La Quinta branch! As we celebrate this new chapter, we are aggressively expanding our presence in the La Quinta area. We are looking for an experienced, high-caliber Escrow Officer to step into a pivotal role, anchor our beautiful new office, and help spearhead our local market growth. Because we are leaning heavily into this market, this is a high-visibility role.
If you are a seasoned professional with an existing book of business looking for a fresh, premium environment to host your clients and elevate your career, WFG would love to meet you! Job Purpose: An Escrow Officer is responsible for providing superior escrow services while maximizing profitability. This is achieved by utilizing technology, communication and collaboration skills in an effort to co-exist with clients, consumers and WFG personnel in a manner compliant with WFG Policies and Procedures, state and other laws.
Essential Job Functions: Develop a profitable escrow desk. Prepares or secures deeds or other documents related to Escrow. Disburses funds as authorized by the Escrow instructions, including charges for title insurance, recording fees, real estate commissions, and loan payoffs. Prepares final statements for the involved parties. Secures releases of all contingencies or other conditions as imposed on any particular Escrow.
Engage in WFG company culture that emphasizes employee engagement, our 4 Cs, quality of work and high performance. Serve as a central point of communication between involved parties. Engage in ongoing personal improvement, self-marketing, and tracking of industry trends. Cooperate in monthly review of Trial Balance/Un-cashed checks reports and ensure items are cleared regularly. Knowledge of WFG products, services and company policies and procedures.
Maintain transparent communication with Escrow Manager. Interact with clients, real estate agents/brokers, attorneys, consumers, lenders and any other parties involved in transactions. Complete real estate escrow transactions by determining requirements; clearing title; assembling, preparing and reviewing closing documents; disbursing funds. Determine escrow requirements by studying and clarifying buyer, seller, and lender instructions.
Obtain clear title by ordering title reports; resolving title defects; satisfying existing liens and encumbrances against property or principals. Preparing transaction documents by completing forms and statements; collecting and reviewing existing documents. Completing calculations by prorating taxes and interest- purchase transactions only. Completing closing transaction documents by assembling documents; reviewing papers with parties; explaining provisions and procedures; answering questions; checking documents for completeness and accuracy; obtaining signatures.
Complete closing by recording and filing documents; preparing and distributing final closing statements and title; prepare HUD by utilizing lender instructions. Close escrow accounts by balancing and dispersing funds. Comply with regulatory requirements by adhering, and enforcing adherence to requirements. Enhancing organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
Escalate complaints appropriately and maintain records per policies and procedures. Train, mentor and cultivate co-workers to improve the overall work experience at WFG. Maintain a positive attitude. Comply with applicable State licensing requirements and WFG Scholar trainings. Knowledge, Skills and Abilities: Thorough understanding of escrow law, local city and state requirements. Thorough understanding of RESPA, TILA, Dodd-Frank and CFPB rules.
Thorough understanding and adoption of ALTA Best Practices. Ability to work with mathematical concepts (fractions, percentages, ratio’s and proration’s). Strong customer service skill