Will “Escrow Officer” be Replaced By Robots? 🤔

99% Chance of Automation

“Escrow Officer” will certainly be replaced by robots.

This job is ranked #701 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.

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Job Description

Search real estate records, examine titles, or summarize pertinent legal or insurance documents or details for a variety of purposes. May compile lists of mortgages, contracts, and other instruments pertaining to titles by searching public and private records for law firms, real estate agencies, or title insurance companies.

Job Details

The SOC (Standard Occupational Classification) code is 23-2093.00
The Mean Annual Wage in the U.S. is $ 51,490.00
The Mean Hourly Wage is $ 24.00
Currently, there are 54,560 people on this job

☝️ Information based on the reference occupation “Title Examiners, Abstractors, and Searchers”.

Also Known As…

Tasks for “Escrow Officer”

Prepare and issue title commitments and title insurance policies based on information compiled from title searches.
Assess fees related to registration of property-related documents.
Retrieve and examine real estate closing files for accuracy and to ensure that information included is recorded and executed according to regulations.
Enter into record-keeping systems appropriate data needed to create new title records or update existing ones.
Prepare real estate closing statements, using knowledge and expertise in real estate procedures.
Copy or summarize recorded documents, such as mortgages, trust deeds, and contracts, that affect property titles.
Prepare reports describing any title encumbrances encountered during searching activities, and outlining actions needed to clear titles.
Prepare lists of all legal instruments applying to a specific piece of land and the buildings on it.
Obtain maps or drawings delineating properties from company title plants, county surveyors, or assessors' offices.
Summarize pertinent legal or insurance details, or sections of statutes or case law from reference books so that they can be used in examinations, or as proofs or ready reference.
Confer with realtors, lending institution personnel, buyers, sellers, contractors, surveyors, and courthouse personnel to exchange title-related information or to resolve problems.
Verify accuracy and completeness of land-related documents accepted for registration, preparing rejection notices when documents are not acceptable.
Direct activities of workers who search records and examine titles, assigning, scheduling, and evaluating work, and providing technical guidance as necessary.
Read search requests to ascertain types of title evidence required and to obtain descriptions of properties and names of involved parties.
Examine individual titles to determine if restrictions, such as delinquent taxes, will affect titles and limit property use.
Determine whether land-related documents can be registered under the relevant legislation such as the Land Titles Act.
Examine documentation such as mortgages, liens, judgments, easements, plat books, maps, contracts, and agreements to verify factors such as properties' legal descriptions, ownership, or restrictions.

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