In essence, an escrow is a type of legal holding account for funds or assets, which won't be released until certain conditions are met. The escrow is held by a neutral third party, which releases it either when those predetermined contractual obligations are fulfilled or an appropriate instruction is received.
Escrow Officer Salary in Los Angeles, CA Annual SalaryHourly Wage Top Earners $82,968 $39 75th Percentile $71,100 $34 Average $62,915 $30 25th Percentile $53,900 $26
Escrow Officer California 42 years old, no degree 11 years experience 105,000 base plus incentives - average around 120-140k per year I don't take breaks or lunches and don't report overtime, and that's how I stick around when the market is rough. It's stressful af but rewarding, too. Great benefits!
Escrow is generally considered good because it protects the buyer and seller in a transaction.