Definition of "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.

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

(1) Financial ability and soundness of a business or individual to afford the purchase of property. (2) Worth of the dollar in real terms considering inflation. ...

Lender's written statement and accounting for the remaining balance, date of maturity, and interest rate on a mortgage. The lender is certifying this information to the borrower or any ...

Financial interest a developer has in a development. The interest may be a direct investment or a percentage interest in the overall profit. ...

Federal agency within the Department of Housing and Urban Development that provides financing to home buyers, particularly those with little cash or with a need to lower monthly payments. ...

Use of borrowed funds to enhance expected returns. It is anticipated that the investment will earn a return exceeding the after-tax cost of borrowing. ...

An open surface constructed on top of a flat roof. Normally, a railing is constructed on the sides of a deck roof. See also deck. ...

Retail businesses in the same locality having a parking lot servicing them. The center may contain a department store, small retailers, and restaurants. There may also be a movie theater. ...

See quantity survey method. ...

Individual: Adjusted gross income less itemized deductions and personal exemptions. After taxable income is computed, the tax to be paid can be determined by looking at the tax rate ...