closing company

closing company

A company or firm that conducts real estate closings, also called settlements. The closing company does not represent any party to the transaction, but merely ensures that all documents are properly signed and all monies collected and disbursed according to the parties' contract.

References in periodicals archive ?
Established Title Closing company catering to banks, realtors, developers.
Your title transfer is facilitated by a professional closing company that specializes in timeshare transfers.
The home warranty company will then generate a contract number and send an invoice to the closing company for payment at close of sale.
Wright will serve as an advisor to the online residential closing company, an appointment that is particularly important in light of the E-SIGN law, federal legislation that went into effect on Sunday giving the same legal validity to electronic signatures as those of signatures on paper.