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
Rezoning of land from a higher density use to a lower density use. ...
Individual corporation, and so on permitted by law to own property and engage in business. Here, two or more companies operate under common control. Separate economic unit subject to ...
Bank financing to a homeowner based on his dollar equity in the home. The interest rate typically fluctuates such as being based on the change in the prime interest rate. Interest expense ...
Founded in 1942 and located in Washington DC, the NAHB has 155,000 members with 824 local groups. Its membership consists of single, multifamily and commercial home builders. The NAHB ...
Legal contract in which the lender controls the pledged property being financed. The agreement describes the property and its location. Of default occurs, the lender may sell the ...
Precisely the optimum location for a retail business establishment in an urban central business district (CBD). A one-hundred-percent-location normally is a square block or intersection in ...
The definition of acoustical materials is a wide range of materials that are used in construction or technology to provide soundproofing. There are different types of acoustic materials ...
Unit of ownership in a real estate investment trust. ...
Municipal ordinance stating the distance from a curb or property line where the building of a structure is prohibited. Also states the distances from a boundary line where construction is ...
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.