What is the function of Escrow Settlement?
One escrow specialization is reverse mortgage In fact, several escrow officers specialize in this type of escrow because it allows them the opportunity to work directly with lenders, homeowners and help our senior population. We are a Neutral trusted third party appointed to act as a custodian for documents and funds during the financing of a property. Our role in the reverse mortgage process is essential for a smooth transaction, we interface closely with the loan processor, lender and Title Company, we coordinate the closing in our office or via our network of closing agents, attorneys and notaries, and clients can even conveniently sign in the comfort of their own home.
