An escrow officer or escrow “holder” is the neutral third party in real estate transactions who holds a deposit, deed or sum before its delivery. The officer is the medium by which buyers, sellers, borrows, lenders and sometimes brokers move capital between entities according to the instructions of a contract.
Escrow officers must have flawless personal integrity and be willing to follow orders and execute commands. Escrow officers handle funds, pay bills when authorized and close the escrow only when all terms are met. Officers also make sure titles are clean and all the documents for a real estate transaction are in order before a sale is closed.