The Benefits of Outsourcing Your Title and Escrow Hiring Needs to a Recruitment Agency

Finding talented title and escrow professionals requires a discerning effort considering the unique expertise of these professionals. Of course, spending time recruiting this real estate talent on your own offers one possibility. However, your time is likely better spent running your business. Still, the challenges of successfully hiring for these job roles require a different approach.

Partnering with a title and escrow recruitment agency provides a more effective option for your talent needs. These companies boast efficient processes for finding and vetting real estate professionals. As a result, their clients access the talent they need in a fast and cost-effective manner. Let’s take a closer look!

The Challenges of Hiring for Title and Escrow Positions

As noted earlier, title and escrow professionals boast a unique skillset, even within the real estate industry. When needing to fill a position, you want someone with relevant experience and the right skills. This includes exposure to the various regulatory compliance issues found in this business sector. The high turnover in real estate also requires finding someone with the right cultural fit, improving retention.

Specialized Skill Sets Required: As noted earlier, sourcing talented candidates with title and escrow experience remains challenging for businesses. The unique nature of this expertise means demand for these professionals typically remains high. It requires a focused and detailed staffing effort that likely overburdens small real estate businesses.

Compliance and Regulations Knowledge: Regulatory compliance remains especially important when considering title and escrow processing. As a result, you need to employ real estate professionals with relevant experience in this area. This need highlights the importance of using recruiters with a significant history in sourcing this talent.

High Turnover in the Industry: The real estate industry typically suffers from a high levels of turnover compared to other fields. As a result, you need to keep retention rates as high as possible to foster consistent operations. Experienced real estate recruiters understand this importance and focus on candidates with the right cultural fit for your business.

Managing Peak Workloads: Of course, seasonal peak periods result in needing to add talent on a temporary basis. A partnership with a title and escrow staffing agency providing flexible employment options helps you right-size your staff. Leveraging temporary or temp-to-hire positions keeps your productivity levels high throughout the year.

How a Title and Escrow Recruitment Agency Streamlines the Hiring Process

Speaking of managing peak workloads, a top-shelf real estate recruiting agency greatly reduces your company’s time-to-hire. This benefit plays a crucial role in ensuring you have enough staff on hand for those seasonal busy periods. Understanding how real estate staffing agencies optimize your hiring efforts helps you make an informed decision on a partnership.

Access to a Specialized Talent Pool: An experienced real estate recruitment agency typically has a large candidate pool filled with pre-vetted professionals. This benefit truly makes a difference when you need to add talent quickly due to employee turnover. Trust your recruiter to find candidates with the title and escrow expertise your company needs.

Faster Time-to-Hire: Staffing agencies also reduce your company’s time-to-hire in a myriad of other ways. You no longer need to spend time writing and advertising job ads. They also leverage ATS applications to automate résumé analysis, matching candidates with the right skills and experience. They also check references, ensuring each candidate actually has the work history detailed on their résumé.

Expertise in Industry-Specific Roles: We already mentioned the inherent difficulty finding candidates with the unique expertise of title and escrow professionals. No matter the role – escrow officers, title examiners, etc. – expect a staffing agency partner to quickly source qualified talent. Their recruiters also consider a candidate’s cultural fit, helping to improve your business’s retention rate.

Reducing Hiring Costs by Outsourcing to a Staffing Agency

Outsourcing your real estate company’s staffing function to a recruitment agency remains a cost-effective approach. It reduces the risks and sunk costs of hiring mistakes and the expenses of internal staffing efforts. The best agencies offer a variety of employment options, including temporary contracts. As a result, expect a higher ROI on your staffing spend.

Lower Recruitment Costs: Embarking on any internal staffing process requires significant time and expenses. It includes writing a job description, advertising it, analyzing résumés, vetting candidates, and conducting background checks. Not focusing on your business also lowers productivity. Outsourcing these tasks to experts offers a more cost-effective approach.

Avoiding Turnover Costs: We already talked about the high turnover in the real estate world. As a result, companies suffer lower productivity and lose money spent on training that former employee. Thankfully, a title and escrow recruitment partner understands the importance of cultural fit in employee retention. Expect an improved retention rate and lower expenses spent hiring and training replacements.

Scalable Workforce Solutions: A staffing agency offering a variety of employment options provides your company with scalability to handle your busiest periods. Quickly adding temporary or contract employees becomes easier with a staffing agency partnership. Additionally, using the temp-to-hire model greatly reduces the risks of a hiring mistake, as noted earlier.

Ensuring Compliance and Reducing Risk in Hiring

Regulatory compliance remains an important consideration for real estate companies, especially those offering title and escrow services. A real estate recruitment agency understands the importance of this issue. As a result, expect them to find candidates with this expertise, helping your business avoid compliance issues.

Knowledge of Industry Regulations: You want to partner with an agency with significant experience in providing staffing services for real estate businesses. This ensures their recruiters fully understand the evolving regulations in this industry. It helps them properly vet a candidate’s expertise in this area, ensuring your company hires the right person.

Background Checks and Credential Verification: Conducting background checks remains one of the most time-consuming tasks in any hiring effort. However, it becomes essential in ensuring you hire someone actually possessing the skills on their résumé. Once again, an experienced recruiter that understands the relevant expertise finds the best candidate for you. All while you focus on managing your business.

Minimizing Legal and Hiring Risks: Of course, the previously discussed ways staffing agencies reduce your hiring risk also prevent costly legal issues. If a candidate has some skeletons in their closet, you need to know before potentially extending a job offer. Finding this critical information using an internal staffing process remains too difficult to leave it to chance.

Flexibility and Adaptability Through Outsourced Staffing

We already discussed how title and escrow recruitment agencies offer a variety of employment options to their clients. This benefit lets your small real estate company stay nimble and flexible in a highly-competitive business sector. Whether temporary contracts, permanent employment, or temp-to-hire, you quickly onboard the right professionals to handle any challenging scenario. 

Managing Workload Fluctuations: Workload fluctuations are a common occurrence for any real estate business. For example, a lowering of mortgage rates leads to increased activity in title processing and escrow management. Being able to add talented professionals as quickly as possible helps your company handle busy periods with ease. Simply onboarding a few contract workers increases your staff without the extra expenses of a permanent hire.  

Temporary-to-Permanent Staffing Options: As noted earlier, a temp-to-hire contract greatly reduces the risk of the wrong hiring decision. You see firsthand how a contractor interacts with the rest of your team, while vetting their real estate expertise. Simply extend a permanent offer to any candidate that performs exceptionally. Expect a greater chance of retaining their services over time when adopting this approach.

Immediate Response to Urgent Needs: Consider a scenario where a valued employee has a family emergency requiring them to take multiple weeks off work. You need to quickly fill that talent gap to keep your office productivity at a high level. Thankfully, your staffing agency partner has the perfect candidate ready to join your team immediately as a contractor. You simply don’t get this level of service when using an internal hiring process!

Why Outsourcing Your Title and Escrow Hiring Needs is the Smart Choice

In the end, partnering with a title and escrow recruitment agency provides many significant benefits to your business. You enjoy a faster time-to-hire, ensuring you onboard an excellent candidate faster than any internal staffing process. Also expect to reduce the risks of a hiring mistake, saving expenses and improving your retention rate.

The best agencies also provide their clients with a variety of employment options. This lets your business stay nimble and flexible while scaling your workforce with high velocity! Finally, an experienced real estate staffing agency understands the skills and expertise identifying the best candidates for your organization. As a result, you enjoy more efficient operations and better regulatory compliance.

Partner with the Best Title and Escrow Staffing Agency – Workway!

When searching for the right recruitment agency for your real estate business, consider the experts at Workway. We have the expertise to source talented title and escrow professionals to improve the efficiency of your company. Connect with us to discuss how we help you achieve higher levels of success!