What Is An Escrow Officer?
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.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Style of life emphasizing outdoor activities, amenities, and recreation. Example are campers and barbecues. It is usually on a short-term basis. ...
Implied assurance from a landlord to a prospective tenant that an apartment is safe and void of health problems. ...
Same as term financial institutions: Institutions acting as intermediaries between suppliers and users of money. The financial markets are where those wanting funds are matched with those ...
(1) The interest rate charged on a construction loan. (2) The rate at which construction loan progress payments are made. See also bridge loan; bullet mortgage; development loan. ...
Capitalization rate used to convert the expected income derived from a property into its estimated asset value. The estimated asset value may be computed by dividing the annual income ...
Voluntary giving up of a right of a lien, usually on a temporary basis. The waiver may be explicitly stated or implied. An example is when a lender waives its right of lien against ...
Foreign-born individual not qualifying as a citizen of the country in which he or she resides. ...
Activity usually performed by a governmental planning department that makes recommendations for zoning purposes of land utilization based upon demographic and commercial patterns. Land use ...
Federal tax legislation notably establishing 10% withholding on interest and dividends. ...
Comments for What Is An Escrow Officer?
I'm interested in becoming an escrow officer.
Jul 20, 2019 15:02:45Hi, 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 08:14:53I would like more information on escrow.
May 22, 2019 14:49:01Hi! You can find the definition of escrow in our glossary. What else would you like to know about it?
May 23, 2019 05:50:03Have a question or comment?
We're here to help.