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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.

There is more than meets the eye when it comes to being an escrow officer. For example, did you know that they make an average of $21.75 an hour? That's $45,249 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does an Escrow Officer Do

There are certain skills that many escrow officers 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.

Learn more about what an Escrow Officer does

How To Become an Escrow Officer

If you're interested in becoming an escrow officer, one of the first things to consider is how much education you need. We've determined that 46.8% of escrow officers have a bachelor's degree. In terms of higher education levels, we found that 2.8% of escrow officers have master's degrees. Even though most escrow officers 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 officer. When we researched the most common majors for an escrow officer, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on escrow officer resumes include high school diploma degrees or diploma degrees.

You may find that experience in other jobs will help you become an escrow officer. In fact, many escrow officer jobs require experience in a role such as escrow assistant. Meanwhile, many escrow officers also have previous career experience in roles such as administrative assistant or office manager.

Escrow Officer Career Paths

Average Salary for an Escrow Officer

Escrow Officers in America make an average salary of $45,249 per year or $22 per hour. The top 10 percent makes over $61,000 per year, while the bottom 10 percent under $33,000 per year.
Average Escrow Officer Salary
$45,249 Yearly
$21.75 hourly
$33,000
10 %
$45,000
Median
$61,000
90 %

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Escrow Officer Education

Escrow Officer Majors

31.0 %

Escrow Officer Degrees

Bachelors

46.8 %

Associate

22.9 %

High School Diploma

18.6 %

Top Colleges for Escrow Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top Skills For an Escrow Officer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 19.2% of escrow officers listed title companies on their resume, but soft skills such as detail oriented and initiative are important as well.

Choose From 10+ Customizable Escrow Officer Resume templates

Zippia allows you to choose from different easy-to-use Escrow Officer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Escrow Officer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Escrow Officer Demographics

Escrow Officer Gender Distribution

Female
Female
85%
Male
Male
15%

After extensive research and analysis, Zippia's data science team found that:

  • Among escrow officers, 85.1% of them are women, while 14.9% are men.

  • The most common race/ethnicity among escrow officers is White, which makes up 68.3% of all escrow officers.

  • The most common foreign language among escrow officers is Spanish at 63.1%.

Online Courses For Escrow Officer That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
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Best States For an Escrow Officer

Some places are better than others when it comes to starting a career as an escrow officer. The best states for people in this position are Oregon, California, Washington, and Hawaii. Escrow officers make the most in Oregon with an average salary of $85,681. Whereas in California and Washington, they would average $71,530 and $71,524, respectively. While escrow officers would only make an average of $67,876 in Hawaii, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. California

Total Escrow Officer Jobs:
5,100
Highest 10% Earn:
$98,000
Location Quotient:
1.29 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Minnesota

Total Escrow Officer Jobs:
1,085
Highest 10% Earn:
$80,000
Location Quotient:
1.21 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Nevada

Total Escrow Officer Jobs:
393
Highest 10% Earn:
$78,000
Location Quotient:
1.39 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Escrow Officers

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Top Escrow Officer Employers

Most Common Employers For Escrow Officer

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1ServiceLink$48,158$23.1517
2First American Financial$47,969$23.06487
3Security Title Agency$47,390$22.7860
4Financial Title Company$47,390$22.7843
5Ticor Title$47,383$22.7871
6Grand Canyon Title Agency$47,316$22.7527
7Mortgage Information Services$47,310$22.7529
8Old Republic Title$47,295$22.74101
9Netco Title$47,282$22.7338
10Meridian Title$47,275$22.7317

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