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Senior Escrow Officer

Today the real estate closing process is confusing, complex, and filled with unfair costs to the consumer. These consumers are left without an advocate, nor do they feel like they know enough about the process to advocate for themselves. To make things worse, the real estate industry has been slow to deliver a customer-first experience or cost-saving automation, and homebuyers and sellers are left with piles of paperwork and fees they don’t understand. At Empora, we’re a team of technologists and real estate experts passionately delivering transparency, ease, and equity to this outdated, $36 billion industry.

Our mission is to make it easy to buy and sell real estate.

We are deeply connected to making the closing process fair, transparent, and empowering. We believe in fast delivery, smart implementation, and constant iteration to solve problems and delight customers. Empora team members enjoy significant autonomy while making meaningful impact through innovative technical solutions, and give individuals the power to drive their own projects and results. If you’re energized by the impact you can make at Empora, we’d love to talk to you! 

Location:  Columbus, OH

General Overview and Expectations

The Senior Escrow Officer is responsible to work with their clients as the primary point of contact from file open, through close of escrow (the closing table), and ensures our Empora team makes the experience as easy, seamless, and fast as possible. We are looking for someone with an extreme ownership mindset who thrives on being in the driver’s seat when it comes to upholding a positive customer experience as well as maintaining the compliance and integrity required to facilitate one of the most important financial transactions our clients will experience. 

The right person for the role knows that delays and errors wreak havoc on a deal, so they are meticulous with every detail and strive for the highest level of accuracy, while keeping the deals moving quickly. They have high expectations of themselves and those around them and are eager to motivate their team to rise to the occasion when presented with solving challenges they are presented with. 

Day to Day Responsibilities

  • Primary contact for our investor clients, responsible for day-to-day communications with investor clients, lenders, and other parties involved in the transaction

  • Prioritize file management 

  • Communicate and collaborate effectively with internal and external partners to ensure title transaction processes occur efficiently and accurately 

  • Ensure exemplary customer service in every interaction and transaction. 

  • Maintain high-quality standards in all aspects of title and escrow processes

  • Ensure all transactions and processes are compliant with legal and company standards 

  • Communicate with lenders and prepare Closing Disclosures or Settlement Statements for purchase and refinance transactions

  • Calculate premiums, closing costs, mortgage tax, and recording fees

  • Prepare all relevant documents for closing including CPLs, deeds, affidavits, escrow agreements, etc.

  • Confirm signing authority and signature blocks from entity documents

  • Review of all title clearance documentation for sufficiency

  • Receipt and book funds, balance files, prepare disbursement

Role Requirements & Qualifications

  • An insatiable desire to challenge and change the status quo in the title industry

  • At least 5 years of experience as an escrow officer, including multi-state or national experience in purchase and refinance transactions involving investors

  • Must be located in the Columbus, Ohio area

  • Familiarity with assignment contracts, transactional funding, double closings, title abstracts and chain of title, legal descriptions, surveys, lien searches, property taxes, probate, bankruptcy documents, commitments, endorsements, and title policies

  • An understanding of state-to-state requirements and variances. 

  • Ability to accurately analyze and evaluate documents as they relate to the title

  • Operation with a sense of timeline urgency toward desired closing dates; ownership mindset and exceptional problem-solving skills. 

  • A “quarterback” mentality to collaborate with appropriate parties in the spirit of issue resolution that ultimately gets the client to the closing table. 

  • Resident escrow officer and/or title insurance license is a plus, any additional non-resident escrow officer and/or title insurance license an added plus

Why you’ll love working here: 

Empora offers a unique opportunity to have a significant impact on our product and the trajectory of our company, as well as meaningful growth opportunities for our team members. We are passionate about creating an environment where you can do work you're extremely proud of with a team of high-caliber individuals.

Additionally, you'll enjoy these benefits!

  • Competitive compensation

  • Comprehensive medical, dental, and vision coverage and HSAs (we cover 100% of employee premiums and 75% of dependent premiums)

  • Short and Long Term Disability coverage, and Basic Life Insurance

  • Paid parental leave

  • Flexible vacation policy

  • Technology and office setup provided so you can do your best work

  • 401(k) matching

This position requires the final candidate to successfully pass an E-Verify check

Empora Title is proud to be an Equal Employer Opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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What You Should Know About Senior Escrow Officer, Empora Title

Are you ready to take on an essential role as a Senior Escrow Officer at Empora in Columbus? At Empora, we’re transforming the real estate closing process, making it clearer, more equitable, and ultimately better for consumers. With your previous experience in handling escrow transactions, you will be the primary point of contact for our clients from file opening to closing. This means you’ll ensure that every detail is meticulously managed, freeing our clients from the confusion often associated with real estate transactions. You will collaborate closely with lenders, clients, and internal teams to facilitate transactions efficiently while maintaining the highest compliance standards. We’re looking for someone who is not just detail-oriented, but can also maintain a sense of urgency to keep the deals moving smoothly. Your passion for customer service and your problem-solving skills will play a pivotal role in creating a transparent experience for our clients. Empora thrives on innovation and encourages you to take ownership of your projects while supporting your team to achieve outstanding results. If you are eager to challenge the status quo in the title industry and contribute to a supportive and dynamic work environment, we'd love to have you on board to help us redefine the future of real estate closings!

Frequently Asked Questions (FAQs) for Senior Escrow Officer Role at Empora Title
What are the main responsibilities of a Senior Escrow Officer at Empora?

As a Senior Escrow Officer at Empora, your primary responsibilities entail acting as the main point of contact for clients from the initial file opening to the closing table. You will manage daily communications with investors, lenders, and other transaction parties while ensuring a seamless and efficient closing process. Your day-to-day tasks will include meticulous file management, preparing Closing Disclosures and Settlement Statements, and ensuring compliance with legal standards. Ultimately, your goal is to uphold exceptional customer service throughout each transaction.

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What qualifications are needed to become a Senior Escrow Officer at Empora?

To qualify for the Senior Escrow Officer position at Empora, candidates should have at least 5 years of experience as an escrow officer, preferably with experience in multi-state transactions. A deep understanding of the various components of real estate transactions, including investor-related processes, assignment contracts, and title policies, is essential. Familiarity with local regulations in Ohio and potentially a resident escrow officer or title insurance license would be beneficial.

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How does Empora differentiate itself in the real estate closing industry?

Empora sets itself apart by delivering a customer-first experience and focusing on transparency within the real estate closing process. We leverage technology to simplify transactions, eliminating unnecessary costs for consumers. Our mission is to provide clarity and fairness in what has traditionally been a complex industry, empowering consumers to understand and navigate their financial transactions with ease.

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What can I expect from Empora’s work culture as a Senior Escrow Officer?

At Empora, you can expect a unique work culture that emphasizes innovation, autonomy, and meaningful impact. We pride ourselves on providing a supportive environment where team members can take ownership of their projects and drive successful results. Our team is composed of high-caliber individuals passionate about challenging the status quo in the title industry, making for a motivating and engaging workplace.

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What benefits does Empora offer for the Senior Escrow Officer role?

Empora offers a robust benefits package for our Senior Escrow Officer position, which includes competitive compensation, comprehensive medical, dental, and vision coverage, paid parental leave, and a flexible vacation policy. We also provide technology and office setup to ensure you can perform at your best, and include a 401(k) matching program to support your financial planning.

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Common Interview Questions for Senior Escrow Officer
Can you describe your experience with multi-state escrow transactions?

In answering this question, highlight your familiarity with the various regulations and requirements associated with different states. Discuss specific examples where you handled multi-state transactions, your approach to overcoming challenges, and how you ensured compliance across jurisdictions.

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How do you prioritize tasks when managing multiple escrow files?

Discuss your organizational skills and the tools you use to manage your workload effectively. Highlight methods such as setting deadlines, using project management software, and ensuring timely communication with all parties to keep transactions flowing smoothly.

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What steps do you take to ensure compliance in escrow transactions?

Explain your understanding of compliance requirements, and describe the processes you follow to review documents, keep updated with regulatory changes, and conduct checks before closing transactions. Emphasize your attention to detail and dedication to adhering to all legal standards.

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How do you handle disputes or issues that arise during a closing?

Provide examples of past challenges you faced, and detail how you approached resolution. Emphasize your communication skills and ability to collaborate with parties toward a mutually beneficial outcome.

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What do you consider the most important factor in delivering good customer service?

Share your philosophy on customer service, emphasizing attentiveness, transparency, and empathy. Discuss how you apply this philosophy in your role to meet and exceed client expectations throughout the escrow process.

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Explain your experience with preparing Closing Disclosures.

Go into detail about the steps you take in preparing Closing Disclosures, from calculating fees to ensuring accuracy in the details provided. Highlight your experience with both purchase and refinance transactions to demonstrate your breadth of knowledge.

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What motivates you to challenge the status quo in the title industry?

Discuss your passion for innovation and your desire to improve processes for both clients and colleagues. Share any specific experiences that inspired you to seek change and enhance the industry standards.

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How do you build strong relationships with investors and lenders?

Share your strategies for fostering relationships, such as effective communication, timely updates, and fostering trust by being transparent. Highlight the importance of understanding their needs to facilitate smoother transactions.

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What tools or technology do you use to assist in your role as an escrow officer?

Discuss the technological tools or software you're familiar with that aid in the escrow process, like document management systems or communication platforms, and explain how they enhance your workflow.

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Describe a time you had to manage a particularly challenging escrow transaction and the outcome.

Provide a narrative of a challenging situation you faced, detailing the strategies you employed to navigate it. Make sure to highlight the successful outcome and any lessons learned that you applied in future transactions.

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Empora Title, the premier tech-forward title company, today announces its official entry to the market. With its promise to deliver visibility, transparency, speed and accuracy with every transaction and for every real estate investor, Empora is s...

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Full-time, on-site
DATE POSTED
December 3, 2024

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