Commercial Settlement Agent - Westcor Land Title Insurance Company

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This is an onsite role located in our Plymouth Meeting, PA office

Position Summary :

The Commercial Settlement Coordinator at Westcor, is responsible for managing the commercial settlement processes. This role involves collaborating closely with managers to ensure all settlement documentation is accurate and complete. Looking for someone with strong organizational abilities, attention to detail, and effective communication skills. The coordinator will play a crucial role in facilitating smooth and efficient settlement operations.

Essential Functions :

Role and Responsibilities :

For Disbursement Only Transactions :

• Accept and open files from Agents and / or Agency Representatives on behalf of Agents. Communicate product requirements and provide appropriate wiring instructions promptly.
• Receive and recreate settlement statements received for disbursement-only files in a timely fashion.
• Request / obtain payoffs, invoices, wiring instructions, and overnight addresses for any anticipated disbursements.
• Review and independently validate all wiring instructions, and prepare overnight label(s) for any payments not being wired.
• Confirm receipt of all necessary funds to disburse.
• Obtain funding authorization from appropriate parties.
• Initiate all wires and work with others to ensure the release of all wires. Print all checks and supporting evidence to be included in overnight packages.
• Communicate disbursement status and provide a confirmation number. Report / disbursement ledger to all parties.
• Verify against the closing statement that all disbursements have been paid promptly and correctly.
• Manage relationships with title agents and companies to help them facilitate their disbursements.
• Correspond with agents, clients, lenders, builders, real estate agents, and attorneys as needed.
• Follow up on any held funds and escalate as necessary to ensure all transactions get to zero balance as quickly as possible.

For Insured Transactions :

General :

Competencies :

We offer some great perks :

Work Environment :

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.

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.  While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to sit, stand; walk; use hands to handle, or feel; and reach with hands and arms.

About Ardán, Inc., A Community of Companies :

Ardán is a family of companies that make real estate closings faster, simpler, and safer through technology-driven, innovative solutions, sound underwriting, and exceptional customer service.

At Ardán, we pride ourselves on being at the forefront of Insur-Tech. Our brands—Westcor, Grid151®, GridBase®, and X1 Analytics®—are dedicated to using technology to streamline and improve every step of the closing process.

Westcor - Founded by title agents, Westcor is the number one independent title insurance underwriter in the nation. Westcor’s technology-driven products and services and sound underwriting help agents and their customers close real estate transactions faster and with peace of mind.

Website : wltic.com

Grid151 - Powered by GridBase® technology, Grid151® delivers tech-enabled fulfillment services to the title insurance industry.

Website : grid151.com

X1 Analytics - Using its proprietary data analytics engine, X1 Analytics® equips the title insurance industry with decisions and data which enable faster real estate closings with reduced cost and operational friction.

Website : x1analytics.com

GridBase - sing their proprietary tech stack to create the universal API for lender and title collaboration, GridBase® delivers data middleware and tools that transform lender and title operations with highly optimized automations and integrations.

Website : gridbase.io