If you’ve recently interviewed for transaction coordinator (TC) roles and been asked about title work experience, you’re not alone. Many TCs are noticing this trend and wondering why title work is becoming a common expectation. In this FAQ-style blog, we’ll explore why employers are asking about title work, whether it’s a new trend, and how it fits into the role of a TC. Let’s dive in!
1. Why are employers asking about title work experience?
Employers are increasingly looking for TCs with title work experience because:
- Streamlined Processes: TCs who understand title work can handle more aspects of the transaction in-house, reducing the need for external title companies.
- Cost Efficiency: Hiring a TC with title experience can save money by consolidating roles.
- Faster Closings: TCs with title knowledge can resolve title issues more quickly, preventing delays.
- Broader Skill Set: Employers value TCs who can wear multiple hats and contribute to various stages of the transaction.
2. Is title work experience a new expectation for TCs?
While title work has traditionally been handled by title companies or attorneys, it’s becoming more common for TCs to take on these responsibilities. This shift is driven by:
- Industry Trends: Real estate teams and brokerages are looking for ways to streamline operations and reduce reliance on third-party vendors.
- Increased Complexity: Transactions are becoming more complex, and employers want TCs who can handle a wider range of tasks.
- Regional Differences: In some states or markets, TCs are expected to have a broader skill set, including title work.
3. Do TCs typically handle title work?
The scope of a TC’s role varies depending on the employer, state, and market. In some cases, TCs may:
- Review Title Reports: Check for liens, encumbrances, or ownership disputes.
- Coordinate with Title Companies: Act as a liaison between the title company and other parties.
- Resolve Title Issues: Work with agents, sellers, and title companies to clear title defects.
- Prepare Closing Documents: Assist with the preparation of title-related documents for closing.
However, in many cases, title work is still handled by specialized title companies or attorneys.
4. Why might expectations differ by state?
Real estate laws and practices vary significantly by state, which can impact the role of a TC. For example:
- Title States vs. Attorney States: In some states, title companies handle closings, while in others, attorneys are required. This affects whether TCs are involved in title work.
- Market Practices: In competitive markets, employers may expect TCs to take on additional responsibilities to stand out.
- Licensing Requirements: Some states require specific licenses or certifications for title work, which may limit what TCs can do.
5. Should I learn title work to improve my job prospects?
Learning title work can make you a more competitive candidate and open up new opportunities. Here’s how to get started:
- Take Courses: Look for online courses or certifications in title and escrow processes.
- Shadow Professionals: Ask to shadow a title officer or attorney to gain hands-on experience.
- Read Industry Resources: Familiarize yourself with title-related terms, processes, and common issues.
- Network: Connect with TCs who have title experience to learn from their insights.
6. How can I explain my lack of title work experience in an interview?
If you don’t have title work experience, focus on your transferable skills and willingness to learn. Here’s how to address the question:
- Highlight Relevant Skills: Emphasize your organizational, communication, and problem-solving skills, which are essential for title work.
- Express Interest: Show enthusiasm for learning about title work and taking on new challenges.
- Provide Examples: Share examples of how you’ve successfully managed complex tasks or learned new skills in the past.
7. Are employers expecting TCs to replace title companies?
Not necessarily. While some employers may want TCs to handle basic title tasks, most still rely on title companies or attorneys for complex title work. The goal is often to streamline communication and reduce delays, not to replace specialized professionals.
8. How can I clarify the expectations for a TC role during the hiring process?
To avoid misunderstandings, ask clarifying questions during the interview process, such as:
- “What specific responsibilities will I have related to title work?”
- “Do you work with a title company, or will I be expected to handle title tasks in-house?”
- “Are there any certifications or training programs you recommend for this role?”
9. What if I’m not comfortable taking on title work?
If you’re not comfortable with title work, be upfront about your boundaries. You can say:
- “I’m happy to assist with coordinating title-related tasks, but I prefer to leave the technical aspects to licensed professionals.”
- “I’m eager to learn, but I’d need additional training to feel confident handling title work.”
10. Final Thoughts
The role of a transaction coordinator is evolving, and title work is becoming a more common expectation in some markets. While this may seem daunting, it’s also an opportunity to expand your skill set and increase your value as a TC. Whether you choose to learn title work or focus on other aspects of the role, clear communication and a willingness to adapt will help you succeed.