Escrow closer vs title processor

The differences between escrow closers and title processors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an escrow closer has an average salary of $43,588, which is higher than the $42,096 average annual salary of a title processor.

The top three skills for an escrow closer include settlement statements, notary and real estate contracts. The most important skills for a title processor are data entry, title commitments, and customer service.

Escrow closer vs title processor overview

	Escrow Closer	Title Processor
Yearly salary	$43,588	$42,096
Hourly rate	$20.96	$20.24
Growth rate	5%	5%
Number of jobs	3,182	7,068
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 38%
Average age	49	48
Years of experience	-	-

Escrow closer vs title processor salary

Escrow closers and title processors have different pay scales, as shown below.

	Escrow Closer	Title Processor
Average salary	$43,588	$42,096
Salary range	Between $31,000 And $61,000	Between $30,000 And $58,000
Highest paying City	-	Laurel, MD
Highest paying state	-	New York
Best paying company	-	BNP Paribas
Best paying industry	-	Insurance

Differences between escrow closer and title processor education

There are a few differences between an escrow closer and a title processor in terms of educational background:

	Escrow Closer	Title Processor
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 38%
Most common major	Business	Business
Most common college	-	-

Escrow closer vs title processor demographics

Here are the differences between escrow closers' and title processors' demographics:

	Escrow Closer	Title Processor
Average age	49	48
Gender ratio	Male, 10.4% Female, 89.6%	Male, 17.3% Female, 82.7%
Race ratio	Black or African American, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.4% White, 70.2% American Indian and Alaska Native, 0.3%	Black or African American, 4.1% Unknown, 3.8% Hispanic or Latino, 10.3% Asian, 7.2% White, 73.8% American Indian and Alaska Native, 0.9%
LGBT Percentage	13%	8%

Differences between escrow closer and title processor duties and responsibilities

Escrow closer example responsibilities.

Manage escrow department for title insurance company.
Coordinate REO property closings with agents, lenders and buyers.
Officiate and serve as notary public for residential real estate transactions.
Process purchase transactions for buyers and sellers by ordering payoffs, HOA, bills, utilities etc.
Verify pricing, points, credits, and all escrow information for FHA, VA and MHDC purchase statements.
Order HOA resale documents, home warranties, payoffs, clear funding conditions, disburse funds and administer all post-closing procedures.

Title processor example responsibilities.

Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
Audit loan documentation to ensure all require RESPA documents and procedures are completed.
Order payoffs on mortgages, judgments, HOA status letters and liens attach to the subject property.
Provide updates to REO listing agents and selling agents, as well as communicating with asset managers.
Correspond with banks, lenders, underwriters, attorneys, HOA's, tax offices, clerk of court, etc.
Probate filing for formal and summary administrations including use of Lexus-Nexus software.

Escrow closer vs title processor skills

Common escrow closer skills

Settlement Statements, 25%
Notary, 15%
Real Estate Contracts, 13%
Title Insurance, 10%
Estate Closings, 8%
Title Commitments, 6%

Common title processor skills

Data Entry, 12%
Title Commitments, 11%
Customer Service, 8%
Escrow, 8%
Estoppel, 6%
Mortgage Payoffs, 6%

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Escrow Closer
Escrow Closer vs Title Processor

Updated January 8, 2025

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