Iberia Bank Corporation

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Title Escrow Associate - Fayetteville, Arkansas

at Iberia Bank Corporation

Posted: 6/24/2019
Job Status: Full Time
Job Reference #: ef6f7442-3b58-4159-9770-a0a5cd0de76c
Keywords:

Job Description

SUMMARY:
The Title Escrow Assistant I assists Title Closers in coordinating real estate closing transactions, processes payments and maintains records of mortgage loans.

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.
  • Executes terms of contract or trust agreement, such as holding money or legal papers, paying off mortgagees, or paying sums to designated parties.
  • Answers customers’ inquiries regarding mortgage account and corrects records if needed.
  • Files and delivers deeds and other legal documents.
  • Records disbursement of funds to pay insurance and taxes.
  • Types notices to government, specifying changes to loan documents, such as discharge of mortgage.
  • Calls or writes loan application to obtain information for bank official.
  • 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.
  • Enters final data in computer to generate appropriate closing documents.
  • Examines documents such as deeds, assignments and mortgages, to ensure compliance with escrow instructions, institution’s policy and legal requirements.
  • Reviews printouts of allocation for interest, principal, insurance, or tax payments to locate and correct any errors.
  • 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 general education degree (GED); or one to three months related experience and/or training; 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