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

The income earned on an investment, typically stated as a percentage of the market price ...

The term actual notice is used most often in connection with property law, but the concept can also be applied in other law areas. To define actual notice, we can look at the two major ...

Legal proceeding whereby a person's property is attached and used to pay an obligation. The employer may withhold part of the employee's salary to the court until the debt has been paid. ...

Representative house, apartment, or cooperative used as a sales tool to show how the actual unit bought will probably appear in design and construction. An example is a model apartment. ...

The right to possess, exclusively occupy, enjoy, control, and dispose of real estate. Ownership rights to realty are granted by the ownership of a title to real property. ...

A clause inserted in a mortgage agreement requiring a future buyer of the subject property to obtain the consent of the lending institution prior to assuming the mortgage. In this ...

The amount of a periodic payment, whether monthly, quarterly, or annually, including interest and principal, required for a mortgage payment. ...

Individual or entity who pays for the professional services of another person or business. ...

The Loan-to-value ratio (LTV)  is a calculation that measures how much you need to pay for a mortgage (loan) concerning how much the asset is worth. The loan-to-value ratio in real ...