|
As California’s premier independent escrow training company, we continually respond to individuals seeking a career or career counseling in escrow.
We are now entering our fifteenth (15th) year of providing a wide variety of escrow related training (over 25 offered as of this writing) – from entry level escrow workshops to more advanced classes and over
10,000 class registrants!
All with Professional Instruction!
All with FREE AFTER CLASS SUPPORT!
This section of our website is designed to provide the reader with information on entering the exciting and busy industry of escrow!
In California, “escrow” is a neutral third party that ensures both principals (the buyer and seller of real property) abide by the agreement (instructions) set forth in the escrow, including the accounting and disbursement of funds.
When considering a career in Escrow, you should consider
4 key factors:
Market Outlook, Education, Job Requirements and
Compensation
Market Outlook
As the economy stabilizes and grows, there will be increasing demand for escrow professionals. In fact, with projected growth it is likely that escrow will see a “shortfall” in the number of experienced escrow practitioners, opening up countless opportunities for individuals to enter the industry.
Thus, education becomes even more important as companies strive to find the “best” candidate for a given escrow position.
Education
There are no set requirements on education to enter the escrow field. While desirable, a college education is not required.
Most individuals within escrow take responsibility for their career by enrolling in a variety of continuing education programs to advance their career and knowledge base. Knowledge is the key their success!
The Escrow Training Institute offers numerous training programs as part of an individual’s continuing education!
Real Estate, Mortgage Lending, Banking
Individuals seeking a career in escrow generally find “starting out” easier if they have some background within the real estate industry. This background provides them with a framework of the entire real estate process, which includes escrow. Thus, learning the process and escrow practices becomes easier to assimilate.
However, other skills are important too!
Job Requirements
Experience in any
industry always helps, but it isn’t always required. It
depends on the position within escrow.
To be successful in escrow, certain skills are
necessary. The list below certainly isn’t all inclusive
but it does provide information on what skills are
valued by escrow Managers and Owners.
Required/Recommended Skills include:
- Strong
Customer Focus
- High
Level of Communication Ability (Verbal
and Written)
- Extreme
Integrity/Honesty
- Ability
to Multi-Task at a High Level
- Extreme
Level of Accuracy Under Time Constraints
- Team
Work
- Basic
Math Skills
- Ability
to Handle Stress/Competing Demands
- Basic
Computer Skills/Standard Office Software
-
Interest in Continuing Education and
Self Improvement
|
Compensation
Because compensation is impacted by a variety of factors (size of the company, size of the staff, office location, employment position, economy and other market conditions, etc.) it is not the intent to provide salary information here because of these and other factors. There are simply too many variables to accurately address compensation here.
However, compensation can often be lucrative, especially in “up” markets.
Depending on the company, lower level positions will generally receive a base salary and “may” also participate in a bonus plan.
Positions such as an Escrow Officer generally have a base salary, plus commissions (based on predetermined factors) and “may” participate in a company sponsored bonus plan.
Each position is unique and may differ from one Escrow Company to the next.
|
