Escrow Officers hold in escrow any funds, legal papers, or other collateral posted by contracting parties to ensure the fulfillment of contracts or trust agreements. They are responsible for preparing the escrow agreement, and also executing the terms of the contract or trust agreement. They must make sure that all parties fulfill their legal and financial obligations before funds are disbursed and escrow transactions are completed. Escrow Officers file and deliver deeds and other legal papers. They may also assist buyers in securing financing.
Escrow Officer positions do not have formal educational requirements. Professionals usually begin their careers in an Escrow Assistant or Coordinator role, and advance to an Escrow Officer position after one to three years of employment. Escrow professionals also supplement their education by taking college courses in business administration, real estate, statistics and finance.
Source: Dictionary of Occupational Titles