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The differences between escrow assistants 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 $48,900 average annual salary of an escrow assistant.
The top three skills for an escrow assistant include customer service, HOA and loan packages. The most important skills for an escrow officer are customer service, HOA, and title insurance.
| Escrow Assistant | Escrow Officer | |
| Yearly salary | $48,900 | $50,270 |
| Hourly rate | $23.51 | $24.17 |
| Growth rate | 4% | 4% |
| Number of jobs | 1,343 | 62,077 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 47% |
| Average age | 43 | 45 |
| Years of experience | - | 6 |
An escrow assistant is responsible for providing administrative services to real estate businesses, assisting the agents on coordinating with clients, and processing their documents. Escrow assistants review proposals and usually talk with clients for the service terms and disclosures. They also handle payment transfers, update client records on the database, and respond to the client's inquiries for related service alternatives. An escrow assistant must have excellent communication skills, both written and oral, especially on maintaining an organized record of transactions and storing sales documents.
Escrow officers, commonly known as loan officers, are responsible for real estate processing and finalizing deals. They ensure all documents are authentic and prepared, property titles are clear, and financial obligations have been thoroughly met by the buyer and seller. They verify the document of land ownership, checking property title, and consulting with potential buyers, sellers, and lending firms. It is also their responsibility to handle the deposition of funds and processing of legal documents, including paperwork to finalize the transaction.
Escrow assistants and escrow officers have different pay scales, as shown below.
| Escrow Assistant | Escrow Officer | |
| Average salary | $48,900 | $50,270 |
| Salary range | Between $31,000 And $76,000 | Between $36,000 And $70,000 |
| Highest paying City | Juneau, AK | Walnut Creek, CA |
| Highest paying state | Alaska | New Mexico |
| Best paying company | Fidelity National Financial | Fidelity National Financial |
| Best paying industry | - | Finance |
There are a few differences between an escrow assistant and an escrow officer in terms of educational background:
| Escrow Assistant | Escrow Officer | |
| Most common degree | Bachelor's Degree, 40% | Bachelor's Degree, 47% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between escrow assistants' and escrow officers' demographics:
| Escrow Assistant | Escrow Officer | |
| Average age | 43 | 45 |
| Gender ratio | Male, 14.4% Female, 85.6% | Male, 14.9% Female, 85.1% |
| Race ratio | Black or African American, 9.8% Unknown, 4.9% Hispanic or Latino, 20.7% Asian, 6.3% White, 57.5% American Indian and Alaska Native, 0.8% | 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 | 7% | 8% |