What does an Escrow Assistant do?
Learn all about Escrow Assistant duties, skills and much more. Get expert advice on how to become an Escrow Assistant.
Published 3 min read
An escrow assistant is responsible for a variety of tasks related to the processing of real estate transactions. They may work in an office setting or remotely, and their duties include communicating with clients, preparing documents, coordinating with other parties involved in the transaction, and ensuring that all deadlines are met.
Escrow Assistant job duties include:
- Opening new escrow accounts and inputting customer information
- Ordering payoffs, title reports, and other necessary documentation
- Coordinating with buyers, sellers, real estate agents, and lenders to ensure a smooth closing process
- Preparing and distributing escrow documents to all parties involved
- Tracking the progress of each escrow and keeping all parties updated on its status
- Making sure all deadlines are met and all conditions of the sale are satisfied
- Disbursing funds at closing and ensuring that all appropriate documentation is signed
- Preparing final statements for both buyers and sellers
- Filing all escrow documents and maintaining accurate records
Escrow Assistant Job Requirements
An Escrow Assistant typically needs at least a high school diploma, although some jobs may require postsecondary education, and must complete on-the-job training. Some states require certification for Escrow Assistants. Certification typically requires the completion of an accredited escrow program and passing an exam. Many Escrow Assistants have previous experience working in the title or real estate industry.
Escrow Assistant Skills
- Time management
- Customer service
- Computer skills
- Data entry
- Attention to detail
- Problem solving
- Team player
How to become an Escrow Assistant
An escrow assistant is responsible for handling the administrative duties of an escrow office. They work closely with the escrow officer to ensure that all documents are prepared and filed correctly, and that deadlines are met. They also handle customer service inquiries and may be responsible for some marketing tasks. If you are interested in becoming an escrow assistant, here are a few things you should know.
Most escrow assistants have at least a high school diploma, although some positions may require postsecondary education or certification. Many community colleges offer courses in real estate or business administration that can be helpful in preparing for this career. Escrow assistants typically receive on-the-job training, which can last anywhere from a few weeks to several months.
Strong communication and customer service skills are essential for this position, as is the ability to pay close attention to detail. Organization and time management skills are also important, as is the ability to work well under pressure. If you have these qualities and are interested in a career in real estate or business administration, then becoming an escrow assistant may be the right choice for you!
Related: Escrow Assistant Resume Example