Escrow officers handle and process documents relating to the transfer of funds and property. 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. To enroll in these programs, only a high school education is needed.
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Escrow Officer Certification
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
According to the U.S. Bureau of Labor Statistics (BLS), the job market for loan officers should experience average growth. Between 2014 and 2024, employment for loan officers is projected to increase roughly 8%, figures from the BLS indicate. The BLS also reports loan officers earned a median annual salary of $63,430 in May 2015.
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.
Both certificates and bachelor's degrees are available to train students in becoming escrow officers. In addition to this, professional certification is available to improve employment prospects.