Escrow Compliance Specialist

Solidifi Title & Closing LLC

22h

About The Position

The Escrow Compliance Department serves as the main point of contact for underwriter and state-specific audits, prevents fraudulent activity, and reconciles bank accounts for discrepancies. This role involves gaining a comprehensive understanding of escrow fees, regularly reviewing underwriter manuals, and ensuring compliance with state and regulatory standards. The Escrow Compliance Specialist is responsible for maintaining the accuracy and integrity of escrow operations. Candidates need to be able to work in a fast-paced team environment using excellent communication skills. A background in basic banking and accounting principles is helpful; however, qualified candidates must be eager to learn about the title insurance industry. The ideal candidate is enthusiastic, with a strong passion for their work and a commitment to delivering quality results from the start. If you are the type of person that is passionate about your work and is not willing to produce mediocre results, you are a good candidate for this position. About the Team: At Solidifi, our Title & Closing teams are in an exciting period of substantial growth. Through fast-paced, high-volume work that extends across the country, team members have the unique opportunity to contribute to becoming a top player in the industry. With our centralized approach to the closing process, team members have the chance to become subject-matter experts on specific pieces of the real estate transaction.

Requirements

University Degree or equivalent knowledge/experience
Effective written and verbal communication skills
Strong attention to detail
Possess a high level of accountability and follow through on all internal and external resolution needs
Ability to work independently and remain self-driven
Proficient in Microsoft Office applications, particularly Excel

Nice To Haves

Accounting background preferred but not required
Accounting software knowledge and experience is a plus

Responsibilities

Perform daily three-way reconciliations of all escrow and recording accounts, resolving any discrepancies promptly
Obtain and review documentation required for internal, state, and underwriter audits, ensuring completeness and compliance with audit standards
Gain a thorough understanding of escrow fees and regularly review underwriter manuals
Process underwriter remittances monthly in accordance with underwriter guidelines
Format, import, and reconcile daily recording invoices into software platforms, maintaining seamless integration with accounting systems
Conduct daily reviews of trial balance and outstanding checks reports, addressing any inconsistencies
Assist with the annual submission of escheatments, adhering to state unclaimed property guidelines
Identify and fund shortages in escrow and recording accounts, ensuring proper funding and resolving account imbalances
Review recording fees collected against recorded documents to ensure appropriate refunds are issued to the correct parties
Communicate professionally with clients and customers, providing timely and effective responses to inquiries