«Besides being able to bring its expertise, let alone its financial muscles, to the table, the Fund often also plays an important
role as a neutral third party,» he said.
[232] In particular, a trade association representing escrow agents supported alternative 1, because it believed alternative 2 could impose new creditor duties on settlement agents, which would be in conflict with the settlement agent's traditional
role as a neutral third party.
Other settlement agents, however, were concerned that making settlement agents responsible for the Closing Disclosure would conflict with the settlement agent's
role as a neutral third party whose duty is limited to following closing instructions from the creditor and other parties to the real estate transaction.
Not exact matches
The Mediator's
role is a simple one — to act
as third party neutral, helping all
parties to understand the entire situation.
A facilitator, who has a
role similar to a mediator, is engaged
as a
neutral third -
party to help keep the process moving forward.
The mediator's
role is
as a
neutral third party who helps to manage the process and provide a safe environment for mediation to occur.