Escrow Officer Certification and Degree Program Information
Get information on bachelor's degree programs in real estate, which provide training for escrow officers. See examples of courses, find out what's needed for admission, and review career information.
Prospective escrow officers need at least a certificate of completion from a professional training program, but many escrow officers have a bachelor's degree in real estate or business. Bachelor's degree programs in real estate with a concentration in escrow typically include the study of a range of subjects in finance, commercial sales and economics. Students learn about escrow procedures, loan processing and property management. Some undergraduate real estate programs also offer internship opportunities with developers, mortgage companies and banks. Graduates may consider pursuing voluntary certification.
Students seeking to earn a bachelor's degree in real estate must have a high school diploma or the authorized equivalent. Many colleges and universities prefer real estate program applicants who have taken multiple math and science courses in high school.
Undergraduate real estate degrees with a specialization in escrow issues typically include courses in management, business law and general real estate. Other classes might include the following:
- Real estate appraisal
- Financial accounting
- Real estate law
- Office administration
Escrow officers handle and process documents relating to the transfer of funds and property. According to the U.S. Bureau of Labor Statistics (BLS), the job market for loan officers should experience promising growth in the coming years. Between 2010 and 2020, employment for loan officers is projected to increase roughly 14%, figures from the BLS indicate. The BLS also reports loan officers earned a median annual salary of $59,820 in May 2012.
Most employers of escrow officers seek those who've completed a training program offered by a bank, title company, insurance company or financial services corporation. Many employers also prefer to hire escrow officers who have earned voluntary certification through a state or regional escrow association. Designations, which typically are based on education and years of experience, might include Certified Junior Escrow Officer, Certified Escrow Officer and Certified Senior Escrow Officer. Applicants for escrow officer certification generally must complete an exam.
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