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Should I Become a Title Closer?
Title closers help review and complete documents needed to process real estate title closings. They might work for title companies, law offices, or corporate businesses engaged in purchasing property. Closers' work hours may vary depending on the work setting and their clients' scheduling needs.
|Education Level||High school diploma|
|Certification||Notary public certification available|
|Experience||None required, but some employers seek candidates with 1-3 years title closing experience|
|Key Skills||Interpersonal, oral and written communication, customer service, and organizational skills, knowledge of title processing and closing laws and procedures|
|Salary (2015)||$49,840 per year (Mean salary for all title examiners, abstractors, and searchers)|
Source: U.S. Bureau of Labor Statistics
Let's look at the steps to become a title closer.
Step 1: Complete Necessary Coursework
Earning a high school diploma or the equivalent is required to work as a title closer. Title closers review documents prior to closing and organize the transfer of money after a closing. Classes in keyboarding, research skills, computer use, and math might help prepare an individual for a career as a title closer.
Step 2: Begin Working as a Title Closer
A title closer prepares documents for closings and reviews liens, judgments and other title commitments on properties to ensure they're cleared prior to closing, and makes certain that all title closing documents are legally compliant. He or she also communicate with lenders and realtors, obtains insurance certificates, and provide necessary disclosures about property titles.
Step 3: Consider Becoming a Notary Public
The designation of notary public can broaden employment opportunities for title closers since some employers seek out title closers who have received this certification. A notary public is authorized to act as an official witness to legal transactions. Requirements to become a notary public are established by each state and might include paying a fee, completing a training program, and passing an exam. Continuing education is usually required to maintain this credential.
In summary, a title closer needs a high school diploma or the equivalent. Certification as a notary public could increase a title closer's job prospects.