Iberia Bank Corporation

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Title Escrow Associate - AATC Little Rock, Arkansas

at Iberia Bank Corporation

Posted: 10/11/2019
Job Status: Full Time
Job Reference #: fbb47a8c-e525-46bc-a108-13562cc49791
Keywords:

Job Description

SUMMARY:
The Title Escrow Associate II provides quality, accurate and timely customer service involving escrow functions, which include the duties and responsibilities described herein.

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.
  • Receives new orders and enters the information into the company’s production software and sends notification of the order to other departments in the company.
  • 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.
  • Acquires Insured Closing Letter for the transaction if required by parties.
  • Enters transactional information into the company’s production software.
  • Prepares checks and records/deposits incoming funds for transaction.
  • Sends payments to appropriate parties as dictated by the settlement statement, real estate contract, and closing instructions.
  • Ensures the file is in balance after all deposits are received and disbursements are made.
  • Collects, organizes, and schedules certain transactional documents to be recorded.
  • Prepares funding packages after closing is complete to return appropriate documents to the lender.
  • Prepares internal closing documents for review by the closer/manager.
  • Reviews the requirements shown on the commitment and takes action on satisfying those requirements (subject to the legal and regulatory restrictions that may apply in the subject property’s state).
  • Holds in escrow , funds, legal papers, and other collateral posted by contracting parties to ensure fulfillment of contracts or trust agreements.
  • Files and delivers deeds and other legal papers.
  • May assist buyer in securing financing.
  • Performs all other duties as assigned.

SUPERVISORY RESPONSIBILITIES:
No supervisory responsibilities

QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

  • High school diploma or GED and 1-2 years of experience or equivalent combination of education and experience.

COMPUTER AND OFFICE EQUIPMENT SKILLS;

  • Microsoft Office suite
  • Special software: RamQuest knowledge preferred

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc):
None required