What does an Escrow Officer do?

An escrow officer acts as an intermediary between buyers and sellers of real estate. Escrow officers ensure the fulfillment of all necessary legal requirements for the transference of property titles. They also manage the transfer of payment from the buyer to the seller by holding the deposits until all agreements between both parties are met. Escrow officers work in an office environment and work alongside real estate agents, property surveyors, bankers and loan officers.

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Working as an Escrow Officer

Here are the main duties you'll carry out as an escrow officer:

  • Summarize the title deeds of properties
  • Evaluate titles and other property documents to ensure that they are genuine
  • Search out property design and assess all legal title holdings to determine their authenticity
  • Hold deposits in escrow until all agreements of a property sale are met
  • Facilitate the closure of an escrow account at the end of a transaction
  • Updating the new records of properties sold on a government database
  • Prepare legal documents for the title of a property
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How much does an Escrow Officer make in the United States?

931 salaries reported, updated at January 24, 2022
$59,904
per year

The average salary for a escrow officer is $59,904 per year in the United States.

Most common benefits

  • Health savings account
  • Employee stock purchase plan
  • Vision insurance
  • 401(k) matching
  • Dental insurance
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Where can an Escrow Officer earn more?

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Frequently asked questions

Common questions about being an Escrow Officer

What are the skills required to become an escrow officer?

An escrow officer should have the following skills:

  • Basic mathematical skills
  • Analytical thinking skills
  • Problem-solving skills
  • Knowledge of titles and the ability to interpret them
  • Survey drawing interpretation skills
  • Communication skills
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What is the career outlook for escrow officers?

According to the Bureau of Labor and Statistics, the projected job growth for this profession is 0%, which is slower than the national average of 5% for all professions.

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Can I change job roles after becoming an escrow officer?

The skills acquired from your job as an escrow officer can be transferred to other professions. For example, you can work in real estate organizations as a secretary. The knowledge gained from being an escrow officer will be beneficial in producing property documentation for clients and helping them purchase new properties. Other job roles could be administrative officer, bank clerk and title holding officer.

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What jobs can an escrow officer do to get experience?

What is the difference between a title officer and an escrow officer?