Location
Fayetteville, AR | United States
Job description
SUMMARY
The Title Escrow Assistant I assists Title Closers in coordinating real estate closing transactions, processes payments and maintains records of mortgage loans.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Types letters, forms, checks, and other documents used for collecting, disbursing, and recording in relation to the closing of the transaction
- Executes terms of contract or trust agreement, such as holding money or legal papers, paying off mortgagees, or paying sums to designated parties
- Answers customers’ inquiries regarding mortgage account and corrects records if needed
- Files and delivers deeds and other legal documents
- Records disbursement of funds to pay insurance and taxes
- Types notices to government, specifying changes to loan documents, such as discharge of mortgage
- Calls or writes loan application to obtain information for bank official
- Orders services, such as property insurance, termite policies, and surveys, from third party providers as dictated by the real estate contract and/or separate closing instructions
- Enters final data in computer to generate appropriate closing documents
- Examines documents such as deeds, assignments and mortgages, to ensure compliance with escrow instructions, institution’s policy and legal requirements
- Reviews printouts of allocation for interest, principal, insurance, or tax payments to locate and correct any errors
- Performs all other duties as assigned
Job tags
Salary
