Understanding The Role Of An Escrow Agent During Mortgage Transactions
An Escrow Agent, or Escrow Officer, is an unbiased professional who acts as a third party. Their job is to work for both the buyer and the seller. The third-party person must ensure both parties fulfill their obligations as per their Escrow Agreement. The officer will carry out all the possible checks without being biased to make sure none of the two parties involved suffers loss through the transaction. The officer has to finish the check before the buyer releases the money.
References: Escrow Officer
