Escrow Assistant I – Memphis, Tennessee

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Job ID#: 30265

Location: Memphis, TN (on-site)
Pay: up to $18 hourly
Duration: contract with potential to hire 

Responsible for providing clerical support during the opening and closing of escrow accounts.  Escrow Administrators maintain escrow accounts by opening an account using a secure software system, depositing the funds, and maintaining reports documenting all open escrow accounts.  Administrators correspond with closing party to implement information into settlement statements and gather required documents for closing.  Administrators post close files to send to policy department for policy issuance.  Closing experience strongly preferred.

Monitor inbound and outbound wires through corporate wore system, VMA.  Claim wires to be deposited into escrow.
Provide notification of receipt of funds and the release as directed in the escrow agreement
Review reports to examine dormant funds and release those funds either to the parties involved or to be sent to the state
Print checks, invoice escrow fees, and send to Accounts Receivable.
Review recordables and submit for recordation ensuring the return of documents to the appropriate party
Post close files and send documents to policy department for policy issuance
Verify wire instructions and disburse funds via check or wire
Maintaining report of earned escrow fees

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