Settlement Officer

Job Description

Job Description

Job Title : Senior Settlement Officer

Alternative Job Titles : Closer, Settlement Clerk, Settlement Officer, Escrow Officer

FLSA Status : Exempt

Workweek : 35 Hours

Salary Range : $55,000 – $70,000 - 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 :

o Prepare Closing Disclosure Form, ALTA Settlement Statement or HUD-1 Settlement Statement for closing.

o Obtain approval for Closing Disclosure Form, ALTA Settlement Statement or HUD-1 Settlement Statement from all parties.

o 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.

o Perform the closing with all parties present, to include document notarization.

o Process the accurate and timely disbursement of funds.

o Prepare the documents for recording.

o Ensure the timely deposit of funds collected.

o Organize paperwork for delivery to lender and archiving.