Title companies employ both part-time and full-time workers.
After a buyer and seller agree on a contract, the title company steps in and prepares all the necessary documents for closing. The title company acts as a neutral third party between the buyer, seller, lender and real estate agents and oversees the closing process. Title companies put together the title abstract, property survey, insurance policies, loan documents and property tax information. Several different positions exist at a title company with varying job duties.
Title Officers and Examiners
One of the main job positions at a title company is that of title officer. Title officers underwrite and research title documents in preparation for a real estate closing. A title officer communicates to customers and colleagues and solves any title issues that arise. The title officer signs off on underwriting documents for real estate transactions. Supporting the title officer, a title examiner reviews, examines and verifies the numerous title documents needed for closing, insuring the closing process goes smoothly.
A title company's escrow officer administers the closing. He explains the process to all parties involved, collects the necessary signatures and assures that all the signed documents reach the appropriate parties. In large title companies, each escrow officer might also employ one or more escrow assistants to help with the escrow and closing processes. Escrow officers work together with title officers to coordinate all the necessary documents needed for closing.
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Title companies also employ workers in other administrative positions to oversee the day-to-day operations of each title company branch. Sales representatives build relationships with clients such as real estate agents, lenders, builders and lawyers. Sales reps also maintain relationships with current clients and work to bring in new ones. Branch managers oversee the operations of each title company branch. Other positions include receptionists, customer service representatives, accountants, human resource managers, marketing specialists and IT personnel.
A title company might have a number of miscellaneous positions, such as underwriting counselors to advise staff members on the underwriting process and title insurance policies. An underwriting counselor typically holds a law degree and has extensive knowledge of real estate law in the state where he practices. Some large title companies also utilize typists and data entry specialists who enter all the closing and title information in a database. Many title companies offer additional services such as insurance and home warranty services, and employ workers to manage those areas of the business.See also: