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Escrow officers are responsible for verifying real estate deals and processing their finalization. They ensure whether the property titles are clear and the buyer and seller's agreement is fulfilled. They also check to verify the authenticity of other real estate agreements and land ownership documents' accuracy. Escrow officers earn an average salary of $43,000 annually or $20 per hour.
Escrow officers manage disbursement for property expenses and ensure that the company complies with the necessary rules and regulations. They order beneficiary statements and demands while preparing real estate closing documents. They also coordinate with sellers, buyers, lenders, and Realtors to process and finalize a real estate deal. Escrow officers may also assist with receptionist duties such as answering phone calls and scheduling appointments.
Escrow officers typically hold a high school diploma or its equivalent. However, having a higher degree, such as a bachelor's or master's degree, may prove advantageous in the long run. They are expected to have some years of experience with the real estate closing process and possess exceptional organizational and customer-service skills. Some employers prefer candidates with a keen eye for detail and the ability to read and interpret blueprints.
Avg. Salary $50,270
Avg. Salary $59,228
Growth rate 4%
Growth rate 0.3%
American Indian and Alaska Native 0.48%
Asian 6.19%
Black or African American 8.77%
Hispanic or Latino 15.96%
Unknown 4.64%
White 63.97%
Genderfemale 85.09%
male 14.91%
Age - 44American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 44Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
| Skills | Percentages |
|---|---|
| Customer Service | 22.70% |
| HOA | 6.36% |
| Title Insurance | 6.12% |
| Notary | 5.29% |
| Develop Client Relationships | 5.20% |
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The average escrow officer salary in the United States is $50,270 per year or $24 per hour. Escrow officer salaries range between $36,000 and $70,000 per year.
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