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Commercial Escrow Officer

CENTRAL TITLE DIVISION

Job Description:

Are you a Closer with a sales focus/customer service mindset? Old Republic National Title Company is seeking a Commercial Escrow Officer who is responsible for closing commercial single-site transactions and commercial multi-site and multi-state refinance and sale transactions. Additionally, this role is responsible for accounting and escrow functions, answering inquiries from customers and staff on pending transactions. This role will be under the direct supervision of a Senior VP and Underwriting Counsel

ESSENTIAL FUNCTIONS:

  • Closing of commercial transactions including but not limited to preparation of settlement statements, review of escrow instructions, adhering to local closing customs, initiating wires and approving wires as needed, recording documents, trial balance maintenance.

  • Responsible for oversight of escrow assistant(s)

  • Support Title and Escrow Administrator as needed

  • Work with underwriting staff and Escrow Administrator on closing and post-closing functions

  • Coordinate local and national recordings

  • Manage post-closing escrows

  • Transaction accounting to include: payments to agents; payments to local offices, booking fees to NCTS office

  • Ability to prioritize, organize and handle multiple site projects and portfolios;

  • Be responsible for the management of revenue

  • Must be personable, positive and a professional representative of the Company

  • Regular consistent attendance is required

  • Ability to accept supervision

  • Ability to foster, develop and maintain professional and collaborative working relationships. Must be able to get along and interact with others, i.e., peers, supervisors, outside customers, and vendors, by email, phone and in person

  • Ability to work overtime as requested and approved by supervisor.

KNOWLEDGE/SKILLS/EXPERIENCE REQUIRED:

  • Excellent verbal and written communication skills

  • Excellent interpersonal and customer service skills

  • Ability to prioritize and handle multiple projects

  • Strong attention to detail and organizational skills

  • Proficient in Microsoft Office and Outlook

PHYSICAL/MENTAL DEMANDS:

  • Ability to perform under pressure and be flexible with disruptions throughout the workday

  • Must be able to work approved and requested overtime, by supervisor

#LI-KT1

The estimated pay range stated represents the typical pay range for this position or similarly employed employees or employees performing substantially similar work. Factors which may be used to determine the actual pay rate may include, but are not limited to, education, training or experience; seniority; merit and work performance; quantity or quality of production; regional differences in compensation; differences in local minimum wages, or ability and effort.

Position's Pay Range:

$34.00 - $48.00/hr

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.

For California applicants, please click the following link to view our CCPA Applicant Notice

Old Republic Title is an Equal Opportunity Employer

Average salary estimate

$85200 / YEARLY (est.)
min
max
$70560K
$99840K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Commercial Escrow Officer, Old Republic

Are you ready to take your closing skills to a new level? Old Republic National Title Company in Minnetonka, MN is looking for an enthusiastic Commercial Escrow Officer to join our Central Title Division. In this role, you’ll have the rewarding responsibility of closing commercial transactions, whether single-site or multi-state refinances and sales. Why is this role so exciting? You’ll be at the forefront of dynamic real estate transactions, managing everything from settlement statement preparation to coordinating local and national recordings. You’ll work alongside a fantastic team, including oversight of knowledgeable escrow assistants, and collaborate with the underwriting staff on closing functions. Your day will be filled with variety as you handle transaction accounting and customer inquiries. We pride ourselves on providing exceptional service, so your interpersonal skills and professional demeanor will shine in this environment. You’ll be called upon to juggle multiple projects, keep track of post-closing escrows, and maintain that all-important attention to detail on every transaction. Flexibility and the ability to work under pressure are key qualities we’re looking for—as is a positive attitude! If you have a knack for building relationships and a passion for closing deals, this could be your perfect fit. Join us as we help ensure smooth transactions for our clients throughout their real estate journeys. Learn more about becoming a vital member of Old Republic National Title Company today!

Frequently Asked Questions (FAQs) for Commercial Escrow Officer Role at Old Republic
What are the main responsibilities of a Commercial Escrow Officer at Old Republic National Title Company?

As a Commercial Escrow Officer at Old Republic National Title Company, your primary responsibilities include closing commercial transactions, preparing settlement statements, reviewing escrow instructions, and coordinating with various teams to facilitate smooth transactions. You’ll also manage escrow assistants, maintain post-closing escrows, and handle transaction accounting, ensuring accuracy in all financial dealings.

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What qualifications are necessary for the Commercial Escrow Officer position at Old Republic National Title Company?

To qualify for the Commercial Escrow Officer position at Old Republic National Title Company, you should possess excellent verbal and written communication skills, have strong organizational capabilities, and be proficient in Microsoft Office. Additionally, experience in escrow functions and a strong customer service demeanor are critical to effectively manage the roles and responsibilities of this dynamic position.

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How can one excel as a Commercial Escrow Officer at Old Republic National Title Company?

Excelling as a Commercial Escrow Officer at Old Republic National Title Company requires a keen attention to detail, the ability to prioritize multiple tasks, and outstanding interpersonal skills. Building strong professional relationships with clients and coworkers will be crucial to your success in this role, as well as being adaptable to changing priorities or project requirements.

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What is the work environment like for a Commercial Escrow Officer at Old Republic National Title Company?

The work environment for a Commercial Escrow Officer at Old Republic National Title Company is collaborative and dynamic. You’ll engage with a supportive team that values professional relationships and is dedicated to providing high-quality service in closing commercial transactions. Our culture emphasizes teamwork, positivity, and a proactive approach to challenges.

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What benefits can a Commercial Escrow Officer expect at Old Republic National Title Company?

A Commercial Escrow Officer at Old Republic National Title Company can expect a comprehensive benefits package, which includes medical, dental, and vision plans, a 401(k) plan with company match, paid time off, holidays, and much more. We also provide educational assistance and benefits that provide security for you and your family, making it a rewarding workplace.

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Common Interview Questions for Commercial Escrow Officer
What steps do you take to ensure successful closing of commercial transactions?

To ensure successful closing of commercial transactions, I methodically prepare all necessary documents, verify compliance with local closing customs, and maintain close communication with all stakeholders involved in the process. I prioritize organization and attention to detail to manage timelines effectively and handle any issues proactively.

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How do you handle customer inquiries about pending transactions?

When handling customer inquiries about pending transactions, I focus on clear communication and empathy. I take the time to understand their concerns fully and provide accurate information, while ensuring that I follow up until the issue is resolved, promoting trust and transparency throughout the process.

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Describe a challenge you faced in your previous escrow role and how you overcame it.

In my previous role, I faced a tight deadline that required the simultaneous closing of multiple transactions. I overcame this by effectively prioritizing tasks, delegating responsibilities to my team, and implementing a clear communication plan to manage expectations. This kept everyone on task and ensured we not only met the deadline but exceeded client satisfaction.

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Why is attention to detail important in the role of a Commercial Escrow Officer?

Attention to detail is crucial because the accuracy of closing documents can directly impact the transaction's success. Missing a small detail can lead to significant legal or financial repercussions. As a Commercial Escrow Officer, I emphasize thorough checks and validation processes to ensure accuracy and client satisfaction.

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How do you prioritize and manage multiple projects as a Commercial Escrow Officer?

I employ effective project management tools and prioritize my tasks based on deadlines and complexity. Breaking down larger projects into manageable parts helps me stay organized, and I regularly reassess my progress and priorities to ensure all projects are on track.

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What software do you consider essential for a Commercial Escrow Officer and why?

Proficiency in escrow management software, as well as Microsoft Office tools like Excel and Word, is essential for a Commercial Escrow Officer. These tools facilitate document preparation, transaction tracking, and communication, enhancing overall efficiency in managing escrow processes.

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How do you maintain professional relationships with clients and colleagues?

Maintaining professional relationships requires open communication, reliability, and respect. I focus on being responsive to inquiries, following through on commitments, and demonstrating appreciation for my colleagues' and clients' contributions, fostering a trusting and collaborative environment.

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Can you share an example of how you resolved a conflict during a transaction?

In a past transaction, a conflict arose due to miscommunication between parties. I facilitated a meeting to clarify the misunderstandings, listened to all concerns, and proposed a mutually agreeable solution. This proactive approach not only resolved the conflict but also strengthened the relationship between the parties involved.

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What motivates you in your work as a Commercial Escrow Officer?

I am motivated by the satisfaction of successfully closing transactions and helping clients navigate complex processes smoothly. The dynamic nature of the job and the opportunity to build lasting relationships with clients drive my passion for delivering exceptional service.

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How do you stay updated with current trends and regulations in the real estate industry?

I stay updated by subscribing to industry publications, attending seminars, and actively participating in professional associations related to real estate and escrow. This commitment to continuous learning enables me to remain knowledgeable about evolving trends and regulations that impact my work.

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MATCH
VIEW MATCH
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
No info
HQ LOCATION
No info
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 28, 2025

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