The Escrow Process

escrow_process

Before Closing

Closing a real estate transaction requires the coordination of several financial instruments. The Loan Officer has to work with the Processor and the Underwriter to prepare the lender documents. The Real Estate Agent(s) work with the buyer and seller to finalize the Purchase & Sale Contract. Finally, the Escrow Company collects all the necessary documents and funds to prepare for the closing.

After Closing
After the buyer and seller sign the documents, the Escrow Company must distribute all the papers and funds to the proper recipients.