JOB SUMMARY: REO Paralegal
This position primarily entails managing residential closings, with experience also necessary in litigation, foreclosure and bankruptcy. Responsibilities include intake, pre-closing, reviewing title work, preparing closing documents, Settlement Statements and funding/disbursing files to ensure timely closings, and issuing title policies and other post-closing duties
DUTIES & RESPONSIBILITIES:
- Intake and set up files
- Review title work to ensure timely closing of REO transactions
- Cure title issues
- Coordinate with client/seller, agent(s), lender and vendors to process closings
- Follow up on late title work and/or title curative on clearing issues
- Be able to take a file from contract execution through post-closing
- Solve problems and offer solutions on files to assure closing within required time frame
- Submit payment approval requests to sellers/servicers for items placed on settlement statement
- Communicate accurately and concisely with the client/seller, agent(s), lender, vendors, and county and municipal offices
- Responsible for funding and disbursing escrows and balancing file
- Draws instructions, balances closing, prepares documents for recording, issues checks and closing statements
- Good understanding and familiarity with REO/Purchase/DIL/Short Sale transactions
- Preparing and formatting memoranda, correspondence, and other legal documents
- Filing pleadings physically or electronically with courts
- Maintaining superior public relations with business associates and clients
- Generate reports and follow-up on identified outstanding tasks
- Must be motivated, able to multi-task, detail-oriented and personable
- Must be able to work in a team atmosphere
- Must be able to manage and lead other staff
EDUCATION & WORK EXPERIENCE:
- Minimum High School diploma or equivalent; Secondary education or some college a plus
- Paralegal certification from an accredited institution preferred
- Prior experience working as a Closer in a title company is essential for this fast paced position
- 3+ years escrow/title closing experience
KNOWLEDGE, SKILLS, & ABILITIES:
- Knowledge of closing docs, and the ability to read and recognize special warranty deeds, loan documents, escrow documents
- Proficiency with Microsoft Office products
- Ability to manage and prioritize multiple projects
- Must have excellent verbal and written communication skills and ability to communicate with clerks or Judges in various courts
- Must provide excellent customer service (internally and externally)
- Must be a self starter and possess excellent time-management abilities
- Extreme attention to detail and ability to maintain and sustain ever changing schedules and spreadsheets
- Balances team and individual responsibilities; contributes to building a positive team spirit
- Demonstrates accuracy and thoroughness; looks for ways to improve and promote quality
- Ability to read and write for proof reading and editing purposes
- Good understanding of policies and procedures of law
- Strong written and oral communication and interpersonal skills
