Home > Term: escrow officer
escrow officer
A professional who holds in escrow, funds, legal papers, and other collateral posted by contracting parties to ensure fulfillment of contracts or trust agreements. Responsibilities include:
- Prepares escrow agreement.
- Executes terms of contract or trust agreement, such as holding money or legal papers, paying off mortgages, or paying sums to designated parties.
- Files and delivers deeds and other legal papers.
- May assist buyer to secure financing.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Professional careers
- Category: Occupational titles
- Company: U.S. DOL
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Δημιουργός
- Jason F
- 100% positive feedback
(United States of America)