Settlement Officer

Job Title: Settlement Officer
Alternative Job Titles: Closer, Settlement Clerk, Settlement Officer, Escrow Officer
FLSA Status: Non-Exempt
Workweek: 20-30 Hours per week
Salary Range: $50,000 – $80,000 - Salary is commensurate with experience.

Essential Duties and Responsibilities:

Maintains compliance with Surety Title Company, LLC policies and procedures in accordance with governing laws, regulations, regulatory agencies and company standards. Demonstrates on a consistent basis individual and team behavior that supports the culture of Surety Title Company, LLC. The essential duties and responsibilities of the Senior Settlement Officer may include but are not limited to the following:

• Establish and maintain positive internal and external customer relationships by providing exceptional customer service and professional communication.
• Process residential settlements, generally involving purchase, cash, refinance, Equity Loans, Lot Closing, or new loan transactions.
• Ensure that each settlement is properly completed and its contents filed in accordance with standardized procedures. Duties include but are not limited to:
  • Prepare Closing Disclosure Form, ALTA Settlement Statement or HUD-1 Settlement Statement for closing.
  • Obtain approval for Closing Disclosure Form, ALTA Settlement Statement or HUD-1 Settlement Statement from all parties.
  • Review and Prepare File for Closing, confirming all closing conditions are met. Including ensuring that all terms and conditions of the purchase and sale agreement are in compliance.
  • Perform the closing with all parties present, to include document notarization.
  • Process the accurate and timely disbursement of funds.
  • Prepare the documents for recording.
  • Ensure the timely deposit of funds collected.
  • Organize paperwork for delivery to lender and archiving.
• Travel to requested settlement locations for closing.
• Properly document notes in every file.
• Properly scan all documents to file.
• Ensure all outstanding checks are timely followed up and managed.
• Ensure all escrowed funds are timely followed up and managed.
• Assist with any department post-closing activities that may be required.
• Performs any other duties as requested.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

• High School Diploma/GED required.
• At least four years of HUD-1 and CDF Settlement Statement Preparation experience while working at a title company.
• At least 1-2 years’ previous supervisory experience.
• Experience Purchase, Reverse Mortgage, REO Closings (Deed in Lieu, Short Sales) preferred.
• NJ Title License required.
• Notary Public is required.

Language Skills

Ability to read, analyze, and interpret general business documents. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Computer Skills

To perform this job successfully, an individual should have knowledge of Microsoft Office; a fax machine; a copier/scanning machine; and a multi-line telephone.

Other Skills and Abilities

• Ability to multi-task.
• Ability to calculate payoffs, transfer taxes, mortgage taxes, etc.
• High Standard of organization and attention to detail.
• Ability to work under stress with time deadlines.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to talk or hear. The employee is frequently required to sit. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.