Commercial Escrow Officer
Work for Old Republic Title, Richmond, VA, United States
Job Title
Organizing and directing escrow closings for complex commercial real estate transactions in Virginia and nationwide. The position involves working collaboratively within our organization as well as with customers, including law firms, commercial lenders and commercial real estate firms. Strong candidates will have significant experience in the title industry dealing with commercial transactions from beginning to end. Essential Duties and Responsibilities: Prepares escrow agreements and communicates internally for deposits of earnest money, investing and transfer of funds Prepares commercial settlement statements, while reviewing purchase agreements, title commitments and closing instruction letters Manages overall closing process Maintains closing checklists and coordinates with parties for payoffs and items necessary to document the charges set forth on the settlement statements Communicates with underwriting staff as to the status of closing and confirms all closing requirements are satisfied Coordinates and closes single and multi-site transactions with ORT offices nationwide Assembles and distributes closing packages pursuant to escrow instructions Post-closing follow-up, including policy issuance and distribution Maintains complete digital files Complies with Company policies, procedures, regulatory requirements and completes mandatory company compliance training by prescribed deadlines. At a minimum, possesses the ability to work your scheduled work hours, Monday through Friday. Dependable, reliable and punctual attendance is required, which may include in-office attendance or attendance at company, industry or other events that occur outside regular business hours. Ability to accept supervision and direction, as well as constructive feedback. Ability to collaborate and interact effectively and professionally with all levels of management, employees and customers by email, phone, video conferences and in person. Demonstrates courtesy, flexibility, professionalism and is proactive and responsive to supervisor/manager, co-workers and customer needs and expectations. Other duties that may be assigned. Remote work may be available to the right candidate. Benefits may include: Comprehensive medical, prescriptions, dental and vision plans 401(k) plan with a discretionary company match Shareholder Purchase and Reinvestment Plan Basic life and accidental death and dismemberment insurance premium paid by the company Voluntary supplemental life insurance for employees, spouses and dependent children Fertility and Family Building Benefits Paid Disability benefits Paid time off programs 11 Company paid holidays per year Flexible spending account Health savings account (available to High Deductible Health Plan participants only) Employee Assistance Program Educational Assistance Program Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance Title insurance policies and certain escrow services for the employee's primary personal residence at no charge Transportation benefit plan for mass transit, parking and vanpool, in several markets Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please get in touch with your human resources representative regarding the application process.
Organizing and directing escrow closings for complex commercial real estate transactions in Virginia and nationwide. The position involves working collaboratively within our organization as well as with customers, including law firms, commercial lenders and commercial real estate firms. Strong candidates will have significant experience in the title industry dealing with commercial transactions from beginning to end. Essential Duties and Responsibilities: Prepares escrow agreements and communicates internally for deposits of earnest money, investing and transfer of funds Prepares commercial settlement statements, while reviewing purchase agreements, title commitments and closing instruction letters Manages overall closing process Maintains closing checklists and coordinates with parties for payoffs and items necessary to document the charges set forth on the settlement statements Communicates with underwriting staff as to the status of closing and confirms all closing requirements are satisfied Coordinates and closes single and multi-site transactions with ORT offices nationwide Assembles and distributes closing packages pursuant to escrow instructions Post-closing follow-up, including policy issuance and distribution Maintains complete digital files Complies with Company policies, procedures, regulatory requirements and completes mandatory company compliance training by prescribed deadlines. At a minimum, possesses the ability to work your scheduled work hours, Monday through Friday. Dependable, reliable and punctual attendance is required, which may include in-office attendance or attendance at company, industry or other events that occur outside regular business hours. Ability to accept supervision and direction, as well as constructive feedback. Ability to collaborate and interact effectively and professionally with all levels of management, employees and customers by email, phone, video conferences and in person. Demonstrates courtesy, flexibility, professionalism and is proactive and responsive to supervisor/manager, co-workers and customer needs and expectations. Other duties that may be assigned. Remote work may be available to the right candidate. Benefits may include: Comprehensive medical, prescriptions, dental and vision plans 401(k) plan with a discretionary company match Shareholder Purchase and Reinvestment Plan Basic life and accidental death and dismemberment insurance premium paid by the company Voluntary supplemental life insurance for employees, spouses and dependent children Fertility and Family Building Benefits Paid Disability benefits Paid time off programs 11 Company paid holidays per year Flexible spending account Health savings account (available to High Deductible Health Plan participants only) Employee Assistance Program Educational Assistance Program Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance Title insurance policies and certain escrow services for the employee's primary personal residence at no charge Transportation benefit plan for mass transit, parking and vanpool, in several markets Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please get in touch with your human resources representative regarding the application process.