What Is A Settlement Company
Settlement companies provide closing services to Buyers and Sellers. Primarily, their job is to provide Title Insurance to Buyers and their Lenders. They also act as an escrow agent. They explain all the loan paperwork to the Buyer. They organize the settlement statement, which shows Buyers how much money they need to bring to closing. Also see. From the escrow account, they pay all the bills listed on the settlement statement. “Settlement Companies” are also known as “Closing Companies” and “Title Companies.”