What Is An Escrow Officer?
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.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
method of land description that identifies a parcel by specifying its shape and boundaries. ...
a rental in which the lessor pays all operating costs such as taxes, utilities, insurance, and maintenance. It is usually a short-term lease and a common arrangement. Typically there is no ...
A narrow passageway between buildings providing secondary rear access. ...
Same as term resale proceeds: Net amount received when property is sold. It equals the selling price less outstanding mortgage balance less all costs incurred in connection with the sale. ...
Same as term real estate: Also called real property. Anything permanently affixed to the land, such as buildings, walls, fences, and shrubs, as well as the rights to own or use them. It is ...
Income for investors arising from net long-term profits of a real estate mutual fund realized when the portfolio is sold at a gain. Fund managers pass on profits from sales of real estate ...
Trademark name for shotcrete. ...
(1) Land adjacent to a lake, river, or stream that can also be part of a flood area. (2) Land at the bottom of a valley or glen. ...
When talking about the open space ratio we are referring to a term that is used in zoning laws and regulations. The open space ratio is a term used to measure open space on a developed land ...
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.