Escrow and title services serve many industries, but most importantly they provide the real estate industry with a vital service. An escrow account allows a smooth transition between buyers and sellers of property with a third party managing the deal. Once the sale has been made, the money will be released from escrow to the seller. Title products may also have a waiting period, much like escrow, though not always.
Working for a title company requires some specialized training. Those that want to work for title and escrow services should seek escrow and title services education and training from a variety of resources. These resources include:
1. Classroom training that provides detailed instructions on how to work with an escrow agreement.
2. Self-guided online training that provides the same information in less time.
3. Seminars that provide the latest industry trends and information.
Participate in classroom training provided by title companies or third partiesThose who want to work with a title and escrow company need to learn a lot of information about real estate loans, insurance and closing procedures. There is no specific prerequisite training for escrow services, but a college degree is helpful.
Take online classes to learn the skills needed to work with escrow companiesOnline classes may be a more convenient option for those that want to learn specialized skills to work with escrow and title companies, but may not have the time. You can find many online classes that only take a few days or weeks to complete, many providing certification as well.
Attend seminars for escrow officer and title agentsSeminars are a great way for those already trained to find continuing education in the title and escrow field. Seminars are also good for those who are still in the pre-licensing stage, because they can help you network with others in your field of expertise.
- For those studying to be an escrow agent, there are also other study materials for your licensing exam, including DVDs, CD ROM study guides and textbooks.