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…
- Title Examiners, Abstractors, and Searchers
- Title Searcher
- Title Officer
- Title Examiner
- Title Department Manager
- Title Abstractor
- Searcher
- Counsel
- Commercial Title Examiner
- Advisory Title Officer
- Abstracter
- Underwriter
- Title Supervisor
- Title Processor
- Title Investigator
- Title Insurance Examiner
- Title Inspector
- Title Closer
- Title Clerk
- Title Checker
- Title Agent
- Record Searcher
- Public Records Researcher
- Office Manager
- Map Examiner
- Lien Searcher
- Legal Instruments Examiner
- Legal Assistant
- Lease Examiner
- Land Title Examiner
- Land Examiner
- Data Abstractor
- Administrative Assistant
- Abstract Writer
- Abstract Searcher
- Abstract Clerk
Tasks for “Escrow Officer”
- 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.
- Copy or summarize recorded documents, such as mortgages, trust deeds, and contracts, that affect property titles.
- Examine individual titles to determine if restrictions, such as delinquent taxes, will affect titles and limit property use.
- Read search requests to ascertain types of title evidence required and to obtain descriptions of properties and names of involved parties.
- 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.
- 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.
- Retrieve and examine real estate closing files for accuracy and to ensure that information included is recorded and executed according to regulations.
- Assess fees related to registration of property-related documents.
- Prepare reports describing any title encumbrances encountered during searching activities, and outlining actions needed to clear titles.
- Prepare and issue title commitments and title insurance policies based on information compiled from title searches.
- Prepare real estate closing statements, using knowledge and expertise in real estate procedures.
- Confer with realtors, lending institution personnel, buyers, sellers, contractors, surveyors, and courthouse personnel to exchange title-related information or to resolve problems.
- Determine whether land-related documents can be registered under the relevant legislation such as the Land Titles Act.
- Enter into record-keeping systems appropriate data needed to create new title records or update existing ones.
- 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.
Related Technology & Tools
- Computer data input scanners
- Laptop computers
- Computer laser printers
- Multiline telephone systems
- Desktop computers
- Photocopying equipment
- Laser facsimile machines
- Personal computers
- 10-key calculators
- SoftPro
- Microsoft PowerPoint
- Microsoft Internet Explorer
- Contact management software
- PropertyInfo SureClose
- GATORS ANYWHERE
- Property Insight TitlePoint
- Data Trace Title IQ
- Microsoft Access
- Microsoft Office
- Microsoft Word
- Microsoft Outlook
- File management software
- Adobe Systems Adobe Acrobat
- Geographic information system GIS databases
- RamQuest Total Solution
- Microsoft Excel
- First American Data Tree Parcel IQ
- Landtitle USA
- SoftPro ProForm
- Web browser software