What does an escrow assistant do?

As an escrow assistant, your job is to help transfer the title of property under agreed upon terms. To accomplish this, you may work with a bank to move money in and out of an escrow account, monitor each account and transaction for signs of fraud, interpret the contract the transacting parties agreed to, and coordinate with other financial services and companies as needed. Escrow is most often used when transferring the ownership of real estate, but it's also used to hold source codes for software, settlements from judicial cases, gambling payouts, mergers and acquisitions, and anything else where two or more groups want a neutral third-party to manage payments and delivery.