REO Title Processor

Posted 3 Days Ago
Be an Early Applicant
Rockville, MD, USA
In-Office
Mid level
Insurance • Professional Services • Real Estate • Financial Services
The Role
Prepare and review REO closing packages: review lender instructions, prepare and obtain approval for Closing Disclosures, verify title binders/abstract and chain of title, review taxes and payoffs, confirm closings and fundings, communicate with brokers/lenders, and handle document prep, post-closing tasks, and client communications.
Summary Generated by Built In
Company Description

First Title & Escrow, Inc. serves the real estate industry as an expert-driven and technology focused national title company. We craft our products for the highest level of customer service. Our skilled team across the country ensures the daily process to run in tandem with strategies to comply and maintain the industry’s best practices. Join our energetic team and see why we’re the leading title company in the nation.

Job Description

* Review lender closing instructions.

* Prepare CD settlement statement within 1 hour of receipt of loan documents.

* Receive approval of CD from lender/broker.

* Review Processing Calendar for assigned deals.

* Confirm receipt of CD by closer.

* Review Title Binders and Abstract for clear title to close.

* Review all Taxes and payoffs.

* Communicate with Broker and Lender on all closings.

* Assist with the confirmation of all closings and fundings.

* Return all voicemails and emails.

Qualifications

* Must have high school diploma

* 3+ years escrow/title closing experience including: CD prep and balance, document prep, post closing, commitment and policy preparation

* TSS, Fannie Mae, and REO desired

* Knowledge of CD settlements statements and real estate closing documents as it relates to

REO transactions.

* Demonstrated ability to interpret settlement statements and real estate closing documents.

* Demonstrated ability to recognize issues and thoroughly review closing documents instructions.

* Demonstrated ability to calculate state specified recordation.

* Demonstrated skill to resolve issues to accurately close the loan.

* Demonstrated ability to review all the pieces of the abstract and chain of title for clearance and fraud related issues.

* Title Express is a plus.

* Common knowledge of Microsoft Office applications.

Additional Information

Benefits include a Safe Harbor 401(k) plan, health/dental care, paid time off and holidays, and competitive pay.

First Title & Escrow is an Equal Employment Opportunity Employer. EOE/M/F/D/V.

Skills Required

  • High school diploma
  • 3+ years escrow/title closing experience including CD prep and balance, document prep, post-closing, commitment and policy preparation
  • Knowledge of CD settlement statements and real estate closing documents for REO transactions
  • Ability to interpret settlement statements and real estate closing documents
  • Ability to recognize issues and thoroughly review closing document instructions
  • Ability to calculate state-specified recordation
  • Skill to resolve issues to accurately close the loan
  • Ability to review abstract and chain of title for clearance and fraud-related issues
  • Common knowledge of Microsoft Office applications
  • TSS, Fannie Mae, and REO experience
  • Title Express experience
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The Company
75 Employees

What We Do

First Title & Escrow is a full-service national title agency providing a broad range of title and closing solutions for the real estate services sector. The company combines experienced staff and cutting-edge technology with strategic partnerships to deliver high-quality, personalized services and consulting to its clients, ensuring seamless title and escrow processes nationwide.

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