Can someone please give me a brief explanation of how the Lender, Title Company, and Escrow Company work together? Is the escrow company a separate entity from the others? What role does the Title Co play?
BTW I really appreciate this forum as a new Notary Signing Agent!
Great question! Here’s a short answer to get started. An escrow officer holds documents or money as a part of the transaction and according to the instructions of the parties. For example, the purchaser of real estate will give the title company the money necessary to pay the purchase price, while the seller will give the title company a signed deed to the property. Escrow is an impartial party.
