What are the responsibilities and job description for the Escrow Assistant position at First American Title Company of South Dakota?
Overview
Join our dynamic team as an Escrow Assistant and play a vital role in facilitating smooth and compliant real estate transactions. In this energetic position, you will support escrow officers by managing essential documentation, ensuring adherence to industry regulations, and providing exceptional customer service to clients. Your attention to detail and industry knowledge will help streamline processes, maintain compliance with federal and state regulations, and contribute to a positive experience for all parties involved in mortgage and escrow services. This is a fantastic opportunity for individuals passionate about financial services, lending, and real estate transactions to grow their career in a fast-paced environment.
Duties
- Assist escrow officers with preparing, reviewing, and processing loan documentation, contracts, and escrow instructions.
- Ensure compliance with TRID (TILA-RESPA Integrated Disclosure) regulations, Fair Housing laws, FHA (Federal Housing Administration) loans, VA (Veterans Affairs) loans, and other relevant lending guidelines.
- Manage loan files using Encompass or similar mortgage servicing software, maintaining accurate records of loan origination, underwriting, and processing steps.
- Coordinate internal communication between lenders, title companies, clients, and other stakeholders to facilitate seamless escrow transactions.
- Verify borrower information through credit analysis and ensure all documentation aligns with loan compliance standards.
- Support loan officers by performing basic math calculations for loan amounts, interest rates, and payment schedules; handle 10-key typing tasks efficiently.
- Maintain knowledge of industry regulations such as TILA (Truth in Lending Act), FNMA (Fannie Mae) guidelines, and banking regulatory compliance to ensure all procedures meet legal standards.
- Assist with the preparation of escrow accounts for mortgage servicing and ensure adherence to federal housing regulations.
- Provide exceptional customer service by answering client inquiries promptly and professionally while maintaining confidentiality throughout the process.
Experience
- Previous experience in loan origination or mortgage processing within the financial services or banking industry is highly preferred.
- Familiarity with FNMA guidelines, mortgage servicing procedures, and industry knowledge of financial regulations enhances success in this role.
- Experience working with TRID compliance standards and understanding of conventional mortgage loans are advantageous.
- Proficiency in Microsoft Office Suite (Word, Excel) is essential for document management and communication tasks.
- Knowledge of Encompass or similar loan processing software is a plus; training will be provided if necessary.
- Strong attention to detail combined with excellent internal communication skills ensures accuracy and efficiency in handling complex loan documentation.
- Ability to perform basic math calculations accurately underpins successful loan processing activities.
Join us as an Escrow Assistant where your dedication to compliance, customer service excellence, and industry expertise will help us deliver outstanding mortgage services while advancing your career in the vibrant world of real estate finance!
Pay: $17.00 - $22.00 per hour
Expected hours: 40.0 per week
Benefits:
- Health insurance
- Paid time off
- Professional development assistance
Experience:
- Banking: 1 year (Preferred)
- Lending: 1 year (Preferred)
Work Location: In person
Salary : $17 - $22