An escrow officer is a non-partial third party who holds money for a transaction. For example, they may hold the funds a mortgage company is providing for a home until documents are signed by the home buyer and a clean title is confirmed. Escrow officers usually work for a title company or financial institution.
Skill Sets: The main function of an escrow officer is to make sure that transactions occur legally and fairly, so they must have solid knowledge of the law surrounding the transaction. Attention to detail in creating and reading documents is important. Escrow officers interact with people for most of their day and must have good communication skills.
Education: A high school diploma or the equivalent is required. Most escrow officers begin as an escrow assistant and receive on the job training. Courses in real estate transactions and business administration can be helpful.
Career Path: Begin working at a company as an escrow assistant and pursue a promotion to escrow agent. Gain expertise in real estate transactions and escrow laws.
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