Closing agent vs escrow officer

The differences between closing agents and escrow officers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an escrow officer has an average salary of $50,270, which is higher than the $47,582 average annual salary of a closing agent.

The top three skills for a closing agent include settlement statements, escrow accounts and notary. The most important skills for an escrow officer are customer service, HOA, and title insurance.

Closing agent vs escrow officer overview

	Closing Agent	Escrow Officer
Yearly salary	$47,582	$50,270
Hourly rate	$22.88	$24.17
Growth rate	5%	4%
Number of jobs	27,073	62,077
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 47%
Average age	49	45
Years of experience	-	6

Closing agent vs escrow officer salary

Closing agents and escrow officers have different pay scales, as shown below.

	Closing Agent	Escrow Officer
Average salary	$47,582	$50,270
Salary range	Between $34,000 And $65,000	Between $36,000 And $70,000
Highest paying City	-	Walnut Creek, CA
Highest paying state	-	New Mexico
Best paying company	-	Fidelity National Financial
Best paying industry	-	Finance

Differences between closing agent and escrow officer education

There are a few differences between a closing agent and an escrow officer in terms of educational background:

	Closing Agent	Escrow Officer
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 47%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Closing agent vs escrow officer demographics

Here are the differences between closing agents' and escrow officers' demographics:

	Closing Agent	Escrow Officer
Average age	49	45
Gender ratio	Male, 24.2% Female, 75.8%	Male, 14.9% Female, 85.1%
Race ratio	Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.7% White, 70.4% American Indian and Alaska Native, 0.3%	Black or African American, 8.8% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	13%	8%

Differences between closing agent and escrow officer duties and responsibilities

Closing agent example responsibilities.

Manage escrow department for title insurance company.
Work as a mobile notary for various banks, mortgage companies, title and signing services.
Schedule, arrange, process, close and disburse REO auction sale transactions in the state of Wisconsin.
Certify signing agent/commission notary public - Oregon.
Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
Work directly with the VP of procurement to provide education concerning legal contract implementation.

Escrow officer example responsibilities.

Manage escrow department for title insurance company.
Perform closing for a variety of real estate escrows types, including but not limit to REO resale and resale escrows.
Operate multi-line phone system and perform basic office procedures.
Prepare closing documents, close escrow, TRID CD, clear title.
Order conveyance deeds and other pertinent documents from outside vendors.
Prepare documents to be record with county and return to mortgage company for conveyance.

Closing agent vs escrow officer skills

Common closing agent skills

Settlement Statements, 14%
Escrow Accounts, 9%
Notary, 9%
HUD-1, 8%
Title Commitments, 7%
Loan Closings, 5%

Common escrow officer skills

Customer Service, 23%
HOA, 6%
Title Insurance, 6%
Notary, 5%
Develop Client Relationships, 5%
Real Estate Transactions, 5%

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Closing Agent
Closing Agent vs Escrow Officer

Updated January 8, 2025

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