My name is Elton John Morales Eliseo and I live in the Philippines. I have seen your job posting that you need someone who has experience and understanding of the escrow process. With that I would like to apply as a Virtual Assistant as I have experienced in Escrow particularly in Closing Process. I'd been working with Timios Inc. almost 7 months and I got laid off because of this pandemic and the company I'd been working with here in the Philippines needs to retrench their employee and I was included.
In my 7 months working as Escrow Processing specialist, I was assigned in different tasks and I would like to elaborate here;
Order Entry. To create/open an Escrow Account and input all information of the borrower/s and Lender (for e.g Borrower's name, property address, Social Security Number, Date of Birth, Telephone number, Lender's Name, company name, company address, Loan Amount, Lender Number and Business Telephone Number. ) into the software. Moreover, I have the knowledge to determine where the information is placed in the Uniform Residential Loan Application Form and California Residential Purchase Agreement and Joint Escrow Instructions ( C.A.R Form RPA-CA Revised 12/18 ).
Order Demands. To request the documents such as Payoff Statement and Evidence of Insurance. Once the documents are available, I upload them to software
Closing Documents. I was assigned to support and collaborate with the Escrow Closers to ensure that the files are ready for them for closing. These documents are Preliminary Title Report/Title Commitment, Title Coversheet, Survey Affidavit, Wire Instructions, Tax Certification, Closing Disclosure, Title Fee Sheet and Closing Protection Letter.
In my previous experience, Survey Affidavit is depends on the lender like Reliance First Capital LLC. The company needs the document when the borrower's property address is located in Florida.
Closing Protection Letter. There are 4 resources for which I make a Closing Protection letter. First in Fidelity National Agency Solutions, I only generated CPL when the property address was in Northa and South Carolina, Texas, Pennsylvania, Georgia and Arizona. Second in Holler Law Firm, when the state is Connecticut and Washingto. Third First American, it was already in the system and I just need to generate it. Lastly in westcor, the rest of the state which I did not mentioned, was done here.
Preliminary Title Report/ Title Commitment. This is most important because this is the primary of all documents. I need to verify and review the information before sending out to the designated Lender. I have to compare the information between the vested and the software because their are some scenario like the information that we had in the beginning was not the same in the Title Commitment.
These are some of the task I did as Escrow Processing Specialist and I would like to share with you the tasks I didn't mention.
Looking Forward to hear from you soon!
