Definition of "What is an escrow officer?"

Kim Ross real estate agent

Written by

Kim Rosselite badge icon

Kim Ross Team- Realty Executives Arizona Territory

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title company that you are working with. They are a neutral third-party, responsible for overseeing the escrow process. They typically perform the title searches, prepare final paperwork, witness the document signings as well as ensure that the transaction is executed properly and legally.

Comments for What Is An Escrow Officer?

Valerie Valerie said:

I'm interested in becoming an escrow officer.

Jul 20, 2019  15:02:45

 
Real Estate Agent

Hi, Valerie! We wish you all the best and good luck with your preparation! Also, if you come across any unknown real estate terms, feel free to search for them in our real estate glossary

Aug 08, 2019  08:14:53
 
Margaret Margaret said:

I would like more information on escrow.

May 22, 2019  14:49:01

 
Real Estate Agent

Hi! You can find the definition of escrow in our glossary. What else would you like to know about it? 

May 23, 2019  05:50:03
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Section of the Internal Revenue Code that addresses tax-free exchanges of certain property. The general provisions for a tax-free exchange of real estate are that the properties must be ...

Land zoned for industrial use including manufacturing, factory office and warehouse space, research and development. ...

Concept used in valuing real property that conditions may be altered requiring a revised estimate of market value. These conditions include a shift in the demand/supply relationship, ...

Time period for which one expects to keep property such as a real estate investment. ...

Current value of a future sum or stream-annuity or mixed-of dollars discounted at a given rate. Present value determination is the inverse of future value calculation. ...

Rental due on the leased property is formulated as a percentage of sales volume. There is typically a minimum rental specified. An example is a retail store that pays rental based on its ...

Money set aside for a possible loss, such as from a fire. ...

Identifying marker of a company. Attesting to something such as the validity of an instrument used in real estate. ...

The transfer of a property deed to the original owner upon the satisfaction of a mortgage. A reconveyance is accomplished through a reconveyance deed. For example, upon making the final ...