Job description
· Complete transaction documents by assembling documents, reviewing papers with parties, explaining provisions and procedures, answering questions, checking documents for completeness and accuracy and obtaining signatures.
· Facilitate Buyer / Borrower Loan closing. Obtain loan information and loan documents from the lender(s) and comply with lenders instructions. Schedule the loan closing and contract a notary to witness the execution of the loan documents.
· Complete closing by advising the title company to record and file documents; preparing and distributing final closing statements and escrow documents.
· Close escrow account by balancing and disbursing funds.
· Determine escrow requirements by studying and clarifying buyer, seller and lender instructions.
· Audit files ensuring all documents are completed within set timeframe.
· Establish escrow account by depositing funds and maintaining records.
· Prepare transaction documents by completing forms and statements; collecting and reviewing existing documents.
· Complete calculations by prorating taxes, interest and other fees/costs as applicable.
· Comply with regulatory requirements by adhering, and enforcing adherence to requirements.
· Maintain records in the escrow accounting system and customer database.
· Understand the concepts of trust accounting and insure that all escrow transactions they process are compliant with the best practices both while the escrow is open and post-closing.
· Perform other duties as assigned.
最近编辑时间: 2022-02-24
