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

Document issued by a governmental agency permitting the recipient to do something. An example is a building permit to construct a structure. ...

Shingles having uniform length, but random width. Random shingles give a creative appearance to a roof. ...

Buyer who is acting in good faith, is not aware of any outstanding claims or rights of others to the property, and has given valuable consideration as part of the business transaction. ...

An agreement by which the owner of property (the lender) and a borrower agree to let the borrower use the property for a particular time period and in return the borrower will pay the ...

A lender can be a private individual, a private or public group, or an institution that loans funds to a person or business that the lendee would later repay with interest in most cases. In ...

Generally speaking, indemnity defines a legal principle and an ensuing agreement to calculate the amount of compensation a party is entitled to resulting from a specific financial loss they ...

Total expenditure to modernize a building to meet the owner's or tenant's needs. ...

The right to deviate from the use of land prescribed by an existing zoning ordinance. ...

The definition of the term right of way is an easement or the right of another person to pass over land owned by someone else to reach a particular destination. An individual is typically ...