Our Commercial Escrow Assistant is one who has a minimum of 3 years of industry related experience. H/She understands commercial escrow standards, title clearance, commitments to insure, title insurance policies with affirmative and/or extended coverages and endorsements, real estate regulations and guidelines, and legal and commercial loan document preparation. NOTE: This position is an “in-office” and not a remote or hybrid position.
DUTIES & RESPONSIBILITIES
- Enter data and assist in the preparation and processing of Commercial title commitments, closing documents (e.g., Closing Statements and legal documents), final policies and legal descriptions.
• Enter Commercial Title & Escrow Orders and maintain Commercial workflow reports
• Strong proofreading skills required. Compares exceptions shown in title report or commitment with buyers', sellers' and lenders' instructions for possible liens or encumbrances not authorized in escrow or lender instructions.
• Assists in reconciling discrepancies between instructions and title commitment, modifying escrow instructions or obtaining release of liens and other encumbrances as directed.
• Orders payoff statements, POA estoppel letters, insurance policies, homeowners warranties, insurance and assists in title curative matters.
• Warehouses files after closing, including recording Final Documents, disbursement of funds, overnighting sensitive documents and closing files.
- Disburse closed files including facilitation of recordations.
• Performs other duties as assigned by supervisor.
• Adheres to company policies and guidelines.
- Become proficient in commercial closing software program (SoftPro)
- Complete Certification of the ALTA “Understanding Commercial Transactions” training
EXPERIENCE
Minimum of 3 years of industry related experience
EDUCATION
A high school diploma is required.
CERTIFICATIONS, LICENSES, INSURANCE
Must be a notary public. Completion of the ALTA “Understanding Commercial Transactions” will be required prior to or withing 90 days of employment
KNOWLEDGE
An in depth understanding of commercial real estate title and settlement process.
SKILLS
- Ability to multi-task and work files proactively and in anticipation of strict contract timelines and/or changes
- Ability to thrive and produce a heavy workload under pressure
- Adaptable: displays the capability to adapt to new, different, or changing requirements
- Attentive to details
- Business fundamentals: recognizes the importance of maintaining privacy and confidentiality of company information, as well as that of customers and co-workers, and complies with intellectual property laws
- Critical thinking: uses logical thought processes to analyze and draw conclusions
- Customer focused: is pleasant, courteous, and professional when dealing with internal and external customers or clients
- Dependable and reliable: displays responsible behaviors at work
- Initiative: demonstrates a willingness to work and seeks out new work challenges
- Integrity: treats others with honesty, fairness, and respect
- Planning and organizing: plans and prioritizes work to manage time effectively and accomplishes assigned tasks
- Problem solver: demonstrates the ability to apply critical thinking skills to solve problems by generating, evaluating, and implementing solutions
- Professional: maintains a professional demeanor at work
- Reading: understands written sentences and paragraphs in work-related documents;
- can apply what is learned from written material to work situations
- Respectful: works effectively with those who have diverse backgrounds
- Team player: demonstrates the ability to work effectively with others
- Technology: uses information technology and related applications to convey and retrieve information; demonstrates strong computer/typing skills in Microsoft Office, email programs, and internet browsers
- Telephone skills, including a pleasant phone voice and etiquette
- Verbal communication: maintains open lines of communication with others
- Writing: uses standard English to clearly communicate thoughts, ideas, and information in written form