title policy flyer proof2 - wrtsource.comwrtsource.com/pdfs/titlepolicyflyer2015.pdf · title...

1
We’re building a rep as the industry’s resource. Escrow submits new documents, demands, and Statement of Information to the Title Officer; the Title Officer reviews all new information. The Escrow Officer sends Title all documents necessary to record the sale or refinance. Upon loan approval, the new lender funds the loan. The Escrow Officer sets up Recording with the Title Unit and provides the Title Unit with the dollar figure expected from the new lender. A date down is done to check for tax payments and any newly recorded items that may affect the transfer of Title and/or loss of priority. Documents are recorded at the County Clerk - Recorder’s Office. Old loans are paid off and any proceeds are sent to Escrow. The Title Officer writes the Title Policies. The Buyer and Lender’s Title Policies are typed and distributed. The Escrow Office opens a Title order with the Title Company. Customer Service verifies Legal and Vesting, and sends to Escrow. The Title order goes to the Production Department, property information is searched, recorded documents are examined, and a Preliminary Title Report is produced. The Preliminary Title Report is emailed to Escrow, the Real Estate Agent, and Lenders for their review. > Closing > Opening > Processing What is Involved in Issuing a Title Policy? TIME TIME Title Insurance Made Easy www.westernresourcestitle.com

Upload: others

Post on 26-Jul-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: TITLE POLICY FLYER PROOF2 - wrtsource.comwrtsource.com/PDFs/Titlepolicyflyer2015.pdf · TITLE POLICY FLYER_PROOF2_ Author: madisenglendenning Created Date: 9/3/2013 12:08:01 PM

We’re building a rep as the

industry’s resource.

Escrow submits newdocuments, demands, andStatement of Information tothe Title O�cer; the TitleO�cer reviews all newinformation.

The Escrow O�cer sendsTitle all documents necessaryto record the sale orre�nance.

Upon loan approval, thenew lender funds the loan.

The Escrow O�cer sets upRecording with the Title Unitand provides the Title Unitwith the dollar �gure expectedfrom the new lender.

A date down is done tocheck for tax payments andany newly recorded items thatmay a�ect the transfer of Titleand/or loss of priority.

Documents are recorded atthe County Clerk - Recorder’sO�ce.

Old loans are paid o� andany proceeds are sent toEscrow.

The Title O�cer writes theTitle Policies.

The Buyer and Lender’sTitle Policies are typed anddistributed.

The Escrow O�ce opensa Title order with the TitleCompany.

Customer Service veri�esLegal and Vesting, and sendsto Escrow.

The Title order goes to theProduction Department,property information issearched, recordeddocuments are examined, anda Preliminary Title Report isproduced.

The Preliminary TitleReport is emailed to Escrow,the Real Estate Agent, andLenders for their review.

> C l o s i n g> O p e n i n g > P r o c e s s i n g

What is Involved in Issuing a Title Policy?

TIMETIMETitle Insurance Made Easy

www.westernresourcestitle.com