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What does an Escrow Officer
do?
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An escrow officer will receive/account for funds,
request payoff statements from existing mortgage holder, receive/hold
seller's deed, lien releases, reconveyances & similar instruments,
receive/review buyer's documents, determine when a transaction is
able to close, record deed & other documents in public records,
through title company, disburse funds to proper parties, secure
new title insurance policies, and deliver documents to appropriate
parties.
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