Escrow Funding Coordinator

Company Description

Monteith Abstract & Title Company, Inc., established in 1876 by A.M. Monteith, has a long-standing reputation for excellence. Since 1951, it has been owned and operated by the Turner family, maintaining a tradition of providing reliable services. The company offers abstracting, closing, and title insurance services to buyers, sellers, realtors, mortgage lenders, and builders. Dedicated to serving the Central Texas area, Monteith Abstract & Title Company prides itself on its commitment to professionalism and client satisfaction.

Position Summary

The Level 1 Funder is responsible for ensuring that all financial aspects of the real estate transaction are handled accurately, efficiently, and in compliance with company policies and industry regulations. This role plays a critical part in the closing process by reviewing final closing documents, verifying lender instructions, disbursing funds, and balancing files. 

Responsibilities

• Review lender funding instructions for accuracy and completeness. 
• Verify wire instructions and communicate with lenders to confirm receipt and disbursement approval. 
• Review and balance settlement statements (CD/ALTA/HUD-1) and reconcile disbursement ledgers. 
• Ensure all conditions for funding are met prior to disbursement. 
• Prepare wire transfers and checks for the disbursement of funds in accordance with escrow instructions and regulatory compliance. 
• Coordinate with escrow officers, lenders, and internal accounting to ensure timely funding and disbursement. 
• Maintain accurate and complete file documentation in accordance with company policy and regulatory standards. 
• Respond to inquiries regarding wire confirmations and funding status. 
• Perform post-closing audits related to funding and disbursements. 
• Assist with daily funding logs, file tracking, and other administrative tasks as needed. 
• Ability to fully disburse a funded file.  
• Prepare lender post-closing packages.  
• Adheres to company policies and guidelines  
• Undertake various job-related tasks as assigned, demonstrating flexibility and willingness to support the team’s objectives.     

Qualifications

EDUCATION 

• High school diploma or equivalent required. Some college coursework in Business, Finance, or related fields is preferred. 

EXPERIENCE 

• Minimum 1–2 years in a title company, escrow, or financial services environment preferred. 
• Strong understanding of escrow and title processes. 
• Familiarity with ALTA statements, HUD-1s, Closing Disclosures. 
• Knowledge of RESPA, TRID, and wire fraud prevention. 

SKILLS 

• Job Knowledge/Technical Knowledge: Demonstrates a sound working knowledge of current role and the technical systems, applications and equipment used in performing this role, and understands the impact this role has on other business functions within the organization. 
• Communication: The ability to write and speak effectively using appropriate conventions based on the situation; actively listens to others, asks questions to verify understanding, and uses tact and consideration when delivering feedback to others.   
• Organization: Uses time efficiently by prioritizing and planning work activities. Ability to prioritize and handle multiple projects.  
• Integrity and Respect: Demonstrates the utmost level of integrity in all instances and shows respect towards others and towards company principles.  
• Judgment: Demonstrates ability to make independent and sound decisions in all situations.  
• Teamwork: Shares key information with others involved in a project or effort, works in harmony to accomplish objectives, responds with enthusiasm to directives, and shows support for departmental and organizational decisions.  
• Quality: Sets high standards and measures of excellence to ensure quality assurance in every aspect of work performed. 
• Accountability: Takes personal responsibility and ownership for adhering to all company policies and procedures while also completing work timely and in accordance with performance expectations. 
• Customer Service: The ability to demonstrate a series of activities designed to enhance the level of customer satisfaction.  
• Interpersonal Communication: Writes and speaks effectively based on the psychological, relational, situational, environmental and cultural dynamics within the situation.  
• Manages Change: Demonstrates effectiveness and flexibility with changing environments, responsibilities, tasks, and people. 
• Attention to Detail: Follows detailed procedures to ensure accuracy in the entry and reporting of data. 
• Problem Solving: Identifies and resolves issues timely by gathering and analyzing information skillfully. 

Work Hours/Schedule

• Monday through Friday 8:00 am to 5:00 pm 
• In-office position 
• Up to one hour lunch at approved time by manager 
• Overtime may be required as necessary for business