Escrow Assistant-Settlement Coordinator
PA - PhiladelphiaPay Rate: $45000 - $90000 per year
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Escrow Assistant-Settlement Coordinator
Role Summary: The Escrow Assistant provides high-level administrative support to the Escrow Closer/Settlement Officer. This role focuses on the "pre-closing" phase—gathering data, clearing title requirements, and ensuring the file is ready for the closing table.
Key Responsibilities
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File Opening: Input new orders into production software (e.g., Qualia, SoftPro, or RamQuest) and order title searches and tax certifications.
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Requirement Clearing: Review title commitments to identify and clear liens, judgments, and HOA requirements.
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Coordination: Communicate daily with real estate agents, lenders, and attorneys to gather "payoff demands" and homeowner insurance information.
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Document Preparation: Assist in preparing preliminary Closing Disclosures (CD) and ALTA Settlement Statements in accordance with TIRBOP rates.
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Post-Closing: Package loan documents for lenders and coordinate the recording of deeds and mortgages with the County Recorder of Deeds via e-recording platforms.
Requirements & Qualifications
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Education: High school diploma required; Associate's or Bachelor's in Business/Finance preferred.
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Notary Public: Must hold a current Pennsylvania Notary Commission (or be eligible to obtain one within 30 days).
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Regulatory Knowledge: Familiarity with RESPA/CFPB integrated disclosure rules.
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