Payoff Specialist
Who We Are
Join a team that puts its People First! First American's Direct division provides comprehensive title insurance protection and professional settlement services for real estate purchases, refinances and equity loans. Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for eleven consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com.What We Do
The Payoff Specialist provides administrative support associated with payments being made on all matters required to clear title on Sub Escrow transactions. Closing activities include auditing documents, depositing funds, wiring funds, sending tax payments, and reconciling files. Provides timely delivery of closing funds to all parties, working closely with the outside escrow company and the title units they support.How You'll Contribute
Perform accounting and administrative functions derived from information gathered for clearing title
Handle the complete disbursement of Sub Escrow files, and ensure payments are completed quickly and efficiently
Administer reporting to title units and generate reports necessary to track file needs
Track all closed files requiring payoff work for any post-closing issues
Prioritize files to help maintain SLA and customer satisfaction
Ability to identify risk-based title concerns, and provide solutions to mitigate losses
Resolve first level escalations regarding payoff work or payment issues
Perform customer service functions and may respond to customer inquiries received via phone or email
Ability to work multiple files daily while staying within guidelines required
Make recommendations on process improvements and implementations
May perform quality control and audit duties
What You'll Bring
Education, Experience, Licensure, and Certification
High School diploma or equivalent required
Some college preferred
Typically has 3-5 years of related experience
Knowledge, Skills, and Abilities
General knowledge of company products and activities
Proficient MS Office skills
Must be able to navigate a computerized data entry system or other relevant applications
Strong interpersonal skills
Ability to work under pressure and remain flexible to changing schedules and demands
Basic math skills
Ability to apply common sense, understanding and problem-solving
This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location.
** Note that the following statements only apply to candidates who will be working from an unincorporated area within Los Angeles County. **
First American will consider for employment all qualified applicants, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws (e.g., the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act).
First American intends to conduct a review of an applicant’s criminal history in connection with a conditional offer. First American reasonably believes that a criminal history may have a direct, adverse and negative relationship with the following material job duties for this position potentially resulting in the withdrawal of the conditional offer of employment: handling of confidential, proprietary or trade secret information belonging to First American or its customers, administrating or facilitating financial transactions, and the ability to meet customer-imposed criminal history requirements.