What are the responsibilities of the Completion Administrator?

The Completion Administrator is usually the lawyer for the Purchaser or Seller who oversees the completion, disperses all funds, and coordinates the signing of all documents related to the purchase and sale.
The role of the Completion Administrator is to ensure that all documents and records are accurately completed and to guarantee the appropriate dispersal of funds. Essentially, a Completion Administrator serves as a custodian, a service that can only be performed by an impartial party.
A Completion Administrator does not work for the Purchaser, Seller, Property Agent, or Lender. Instead, they handle paperwork and activities required for each party involved in a real estate transaction. The Completion Administrator has a fiduciary duty to all of the principal parties involved in a real estate transaction.