Escrow Closer / LPO Job at Old Republic Title
Job Description:
Summary:
Communicates and confirms information about a transaction with principals, lenders, agents and/or other parties. Prepares escrow instructions, draws documents, issues title policies and disburses funds. Works with management and marketing to develop and maintain a portfolio of real estate business. Must be a personable, positive, and professional representative of the company.
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This position is in the Seattle, Washington, area and applicants are required to work at an office location in the State of Washington to fulfill critical job responsibilities. However, if relocation for this position is not possible, please don't let that deter you from applying, let's talk about it.
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Candidates MUST have (or be able to obtain) the State of Washington's "Limited Practice Officer" license.
Essential Duties and Responsibilities:
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Ability to interact effectively and professionally with all levels of management, employees and customers by email, phone, video conferences and in person.
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Takes proactive approach to providing status updates for Agents and principals.
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Tasks to Central Processing Unit (CSD-CPU) file requirements tasks to branch support staff assigned job duties and file tasks.
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Prepares escrow instructions and supporting documents for signing.
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Balances figures and closing funds, prepares file for disbursement and creates disbursement packages.
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Meets all escrow/title conditions required by lenders and purchase contract.
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Preparation of Seller CD/ALTA/HUD settlement statements detailing the accounting of the transaction in accordance with all state and federal regulatory requirements.
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Verifies and reviews all information in the preliminary report/title commitment while clearing title requirements by researching discrepancies, working with underwriters and title officers to obtain lien releases and clearing any other encumbrances.
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Requests the issuance of title policies or other evidence of title.
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Trains, guides, assigns and reviews the work of one or more escrow assistants.
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Maintains confidentiality of all proprietary information and escrow transactions.
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Collaborates with Sales and Marketing Department to maintain existing customers and generate new business which may include educational presentations both in and outside of the office.
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Ability to foster, develop and maintain professional and collaborative working relationships with staff, clients and customers.
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Must meet open, close and revenue productivity expectations, increase market share.
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Attends industry or real estate functions representing the Company.
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Complies with all state, federal and/or local mandates.
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Continues escrow education either through company seminars/meetings or through outside sources (i.e. Escrow Association).
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Schedules appointments, assembles documents for signing for both inside and outside of the office.
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Conduct signings of documents with customers.
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Uploads all documents in appropriate category in the electronic filing system.
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Documents all conversations relative to each file, this will allow each team member to be informed as to the status of the file.
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Assembles and submits completed Policy Write Up instruction to the Title Department. This includes reviewing all documents to be recorded for accuracy and completeness.
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Prepares funding packages, provide conditions, receipt in funds.
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Assists with training other personnel, guiding them to reach maximum efficiency and production of the branch.
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Complies with Company policies, procedures, Employee Handbook and completes mandatory company compliance training by prescribed deadlines.
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At a minimum, the ability to work from 8 a.m. to 5 p.m., Monday through Friday.
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Ability to work overtime as requested by management.
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Dependable, reliable and punctual attendance is required, which may include attendance at after-hour company events.
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Ability to accept supervision as well as constructive feedback.
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Ability to collaborate and interact effectively and professionally with all levels of management, employees and customers by email, phone, video conferences and in person.
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Demonstrates courtesy and professionalism and is proactive and responsive to co-workers and customer needs and expectations.
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Other duties that may be assigned.
Knowledge and Skills Required:
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Minimum of three-years of escrow experience.
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Excellent time management skills.
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In-depth knowledge of title insurance policies, endorsements, and title pricing.
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In-depth knowledge of escrow documents, escrow fees and terminology.
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Capable of processing multiple types of transactions (i.e. Residential resale and refinance escrows) without assistance.
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Basic computer skills including proficiency in Microsoft Office Suite and Outlook.
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Ability to work in fast paced environment while successfully performing under extreme time constraints and meets prescribed deadlines.
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Notary Commission preferred.
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Strong attention to detail with excellent organizational skills, with ability to prioritize and handle multiple tasks and projects.
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Ability to act independently with sound judgment and take initiative.
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Written and verbal communications are clear, grammatically correct and business appropriate.
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Actively listens. Is mindful of how body language, gestures and non-verbal communications are perceived.
Physical/Mental Demands:
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The ability to work with confidential information.
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The ability to perform under pressure and be flexible with disruptions throughout the workday is required.
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Repetitive and continual keyboard activity and interaction with display monitors is required.
Sedentary work: The majority of activity in this position involves sedentary work including sitting, standing, walking and the occasional need to lift or move objects.
The estimated pay range stated represents the typical pay range for this position or similarly employed employees or employees performing substantially similar work. Factors which may be used to determine the actual pay rate may include, but are not limited to, education, training or experience; seniority; merit and work performance; quantity or quality of production; regional differences in compensation; differences in local minimum wages, or ability and effort.
Pay Range for the position is $38.46 - $72.11
Old Republic complies with all federal, state and local laws including minimum wage requirements. In the event a minimum hourly rate stated is lower than the minimum wage required by law, Old Republic will always pay an amount equal to or greater than the minimum wage required by law.
Position may pay monthly incentive compensation to eligible participants. Incentive compensation is a percentage of monthly desk gross revenue from escrow fees and the Company’s title premiums generated from closed orders in excess of the assigned monthly desk gross revenue threshold. The threshold may range from $10,000 to $40,000 and the incentive rate may range from 5% to 10%. Incentive earned will be paid between 60% - 75% for Escrow Closers/Escrow Officers/LPOs and between 5% to 30% for Escrow Assistants.
Benefits include:
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Comprehensive medical, dental and vision plans
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401(k) plan with a discretionary company match
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Shareholder Purchase and Reinvestment Plan
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Baseline Security Plan with discretionary Company contributions
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Basic life and accidental death and dismemberment insurance premium paid by the company
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Voluntary supplemental life insurance for employees, spouses and dependent children,
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Disability benefits
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Paid Leave of Absence benefits
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10 vacation days per year
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Sick leave accrues in accordance with state and local laws
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10 paid Company holidays per year
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Flexible spending account
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Health savings account (available to High Deductible Health Plan participants only)
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Employee Assistance Program
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Educational Assistance Program
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Critical Illness, Pet Insurance and Accident Insurance
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Title insurance policies and certain escrow services for the employee’s primary personal residence at no charge
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Transportation benefit plan for mass transit, parking and vanpool, in several markets
We offer a competitive salary, and excellent benefit package including health, life and disability insurance; paid time off; and retirement plans
Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please contact your human resources representative regarding the application process.
For California applicants, please click the following link to view our
CCPA Applicant Notice
Old Republic Title is an Equal Opportunity Employer
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