In New York real estate practice, what is the role of a closing attorney or settlement agent?

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In New York real estate practice, the closing attorney or settlement agent is the facilitator of the transfer, ensuring the transaction moves smoothly from agreement to recording. Their primary job is to assemble and review all closing documents, verify compliance with applicable laws, and uncover or resolve any title issues so the title is clear. They also handle the funds—receiving the funds from the buyer, coordinating payment of the seller, payoff of any existing liens or mortgages, and disbursing proceeds per the settlement statement. Finally, they oversee the recording of the deed, mortgage, and related documents with the appropriate recording office, so the transfer becomes part of the public record. This role is about legal correctness, document coordination, and proper funding and recording, not setting interest rates, appraising property, or arbitrating disputes.