Settlement Agent Job Description

A settlement agent processes closing documents for purchasing a home or property.

A settlement agent works for a lending institution or real estate firm, and processes closing documents for purchasing a home or property.

Education

Educational requirements include a high school diploma, but some employers require an associate's degree in business or related discipline.

Skills

Many organizations will require previous experience in settlement, closing or mortgage processing. Excellent communication, organization and computer skills are also required.

Responsibilities

Coordinating the closing process for a home or property includes reviewing scheduled funding and contacting lenders to confirm all requirements are met for timely disbursements. They also review all files related to closing procedures, ensuring all required documents are included and accurate.

Significance

Real estate regulations require accuracy in transactions and contracts in purchasing a home or property, and settlement agents work behind the scenes to ensure flawless closing procedures.

Average Salaries

As of October 2009, average salaries are approximately $36,000 per year, according to Indeed.com.

References

• Settlement Agent Jobs; Indeed.com
• Settlement Agent Salaries; Indeed.com

Resources

• Loan Clerk; BLS