A settlement agent is a party who helps complete a transaction between a buyer and a seller. This is done through the transfer of securities to the buyer and the transfer of cash or other compensation to the seller.

Who is considered the closing agent?

A “closing agent” is technically the person who sits down with the buyer or seller or borrower (or all three) and goes over the documents with them and answers their questions.

Who does settlement agent work for?

The settlement agent may work for the title company, and the title company may also handle your escrow and closing services. But this isn't always the case. You as the home or property buyer have the right to choose your own title company, and to choose your own settlement agent.