An escrow assistant sees to it that clients adhere to escrow agreements. Your job is to serve as a middleman between the parties involved in a transaction.
An escrow assistant is expected to resolve client's requests, settle conflicts that arise during the process of the transactions and prepare documents that involve the cashing out of escrow transactions. You will also assist in scheduling meetings for clients and seal deals on the company's behalf. They may also review works done by other staff, check for errors, and ensure that they work based on company policies.
You are required to have a bachelor's degree in business administration, legal studies, or other related fields. Experience working in a legal firm may also be necessary for this role. Your communication skills must be excellent, and you also need to be computer literate. The average salary of an escrow assistant is in the range of $33,000 to $36,000 per year.
There is more than meets the eye when it comes to being an escrow assistant. For example, did you know that they make an average of $19.27 an hour? That's $40,080 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.
There are certain skills that many escrow assistants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, initiative and interpersonal skills.
When it comes to the most important skills required to be an escrow assistant, we found that a lot of resumes listed 19.4% of escrow assistants included customer service, while 15.2% of resumes included title companies, and 8.0% of resumes included buyers. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the escrow assistant job title. But what industry to start with? Most escrow assistants actually find jobs in the finance and real estate industries.
If you're interested in becoming an escrow assistant, one of the first things to consider is how much education you need. We've determined that 29.5% of escrow assistants have a bachelor's degree. In terms of higher education levels, we found that 1.8% of escrow assistants have master's degrees. Even though some escrow assistants have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an escrow assistant. When we researched the most common majors for an escrow assistant, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on escrow assistant resumes include high school diploma degrees or diploma degrees.
You may find that experience in other jobs will help you become an escrow assistant. In fact, many escrow assistant jobs require experience in a role such as administrative assistant. Meanwhile, many escrow assistants also have previous career experience in roles such as escrow officer or customer service representative.