What are the responsibilities and job description for the Escrow Funder position at Old Republic Title?
ENTERPRISE SERVICES
Job Description
The Escrow Funder plays a critical role in ensuring the precise and timely disbursement of escrow funds. This position involves reviewing and confirming that all closing instructions are followed, title exceptions are resolved, and that all required documentation is accurate and complete prior to disbursement. Attention to detail and a comprehensive understanding of escrow procedures are essential in maintaining regulatory compliance and delivering high-quality service to clients.
Location: This position will begin onsite at our Akron, OH office, then transition to a hybrid schedule after a probationary period. Working hours are 9:00am - 6:00pm EST.
Essential Duties And Responsibilities
For California applicants, please click the following link to view our CCPA Applicant Notice
Old Republic Title is an Equal Opportunity Employer
Job Description
The Escrow Funder plays a critical role in ensuring the precise and timely disbursement of escrow funds. This position involves reviewing and confirming that all closing instructions are followed, title exceptions are resolved, and that all required documentation is accurate and complete prior to disbursement. Attention to detail and a comprehensive understanding of escrow procedures are essential in maintaining regulatory compliance and delivering high-quality service to clients.
Location: This position will begin onsite at our Akron, OH office, then transition to a hybrid schedule after a probationary period. Working hours are 9:00am - 6:00pm EST.
Essential Duties And Responsibilities
- Analyze funding documents such as Closing Disclosures, closing instructions, payoff demands, and tax statements for accuracy before disbursement.
- Reconcile escrow balances and facilitate fund disbursements according to specified methods (e.g., wire transfers, check requests, correspondence letters, and mailing labels).
- Review title commitments to verify the resolution of all title exceptions.
- Ensure compliance with all applicable regulatory requirements and company procedures regarding fund disbursement.
- Communicate with customers, attorneys, and borrowers regarding documentation and funds needed for disbursement.
- Provide professional customer service by addressing inquiries and resolving concerns in a timely manner.
- Ensure that all disbursements are executed in full compliance with regulatory and internal policies.
- Complies with Company policies, procedures, regulatory requirements and completes mandatory company compliance training by prescribed deadlines.
- At a minimum, the ability to work your scheduled work hours, Monday through Friday.
- Ability to work overtime as requested by management.
- Dependable, reliable and punctual attendance is required, which may include in-office attendance or attendance at company, industry or other events that occur outside regular business hours.
- Ability to accept supervision and direction, as well as constructive feedback.
- Ability to collaborate and interact effectively and professionally with all levels of management, employees and customers by email, phone, video conferences and in person.
- Demonstrates courtesy, flexibility, professionalism and is proactive and responsive to supervisor/manager, co-workers and customer needs and expectations.
- Other duties that may be assigned.
- Experience in banking, escrow, or a related field is preferred.
- Knowledge of closing documents, settlement procedures, and applicable industry regulations is a plus.
- Basic computer skills including proficiency in Microsoft Office Suite and Outlook.
- Ability to work in fast paced environment while successfully performing under extreme time constraints and meets prescribed deadlines.
- Strong attention to detail with excellent organizational skills, with ability to prioritize and handle multiple tasks and projects.
- Ability to act independently with sound judgment and take initiative.
- Written and verbal communications are clear, grammatically correct and business appropriate.
- Actively listens and is mindful of the role body language, gestures and other nonverbal actions can play in communication.
- Excellent professional written, verbal, listening and communication skills.
- Must be a personable, positive, and professional representative of the company.
- Ability to foster, develop and maintain professional and collaborative working relationships. Must be able to get along with others, i.e., peers, employees, supervisors, outside customers, and vendors. Lead by positive example.
- The ability to work with confidential information.
- The ability to perform under pressure and be flexible with disruptions throughout the workday is required.
- Repetitive and continual keyboard activity and interaction with display monitors is required.
- 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
For California applicants, please click the following link to view our CCPA Applicant Notice
Old Republic Title is an Equal Opportunity Employer
