Paying off a mortgage -- Who/What is the "Trustee"

[jond]

Someone here has to know the answer to this...

I paid off my house last month. Today I got a "Certificate And Affidavit Of Satisfaction". This is from a company called 'Verdugo Trustee Service Corporation'. My mortgage was with Citi Mortgage. I don't know who Verdugo is.

They have the following information listed in this doc which I'm uncertain about:
Trustee: Some random person I don't know????
Grantor: Me
Original Grantee: Place I refinanced with 2 years ago


So my question is, what is a Trustee?
I'm assuming as long as I'm listed as the Grantor, thats the only thing that matters?

 

[SilverStone05]

The toad that processed the paperwork and got to sign.

 

[NSXGMS]

The toad that processed the paperwork and got to sign.

lol, yes that's true.

The trustee is the "holder" of the trust deed. It can be transferred to whoever is servicing the loan which is not necessarily the original lender. You are the trustor.

We call what you received a reconveyance.