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Last Updated: Nov 23, 2024
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CISLO Escrow services include…
- Acting as the impartial ‘‘stake-holder,’’ or depository of documents and funds
- Processing and coordinating the flow of documents and funds
- Keeping all parties informed of progress on the closing
- Responding to the lender’s requirements
- Securing a title insurance policy
- Obtaining approvals of reports and documents from the parties as required
- Prorating and adjusting insurance, taxes, rents, etc.
- Recording the deed and loan documents
- Maintaining security and accountability of monies owed and owing
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