What is Involved in Issuing a Title Policy?
• Escrow Office opens title order with the title company. • Customer Service verifies legal and vesting & sends to escrow. • Title order goes to searching at title plant. • Property information is searched and required documents are printed. • Recorded documents are examined & preliminary title report is written. • Word Processing Department types preliminary title reports & enters information into a computer for future retrieval. • Messenger service delivers preliminary title report to escrow company & lender. • New document/demands & statement of information are submitted to title officer by escrow. • Title officer reviews new information. • Upon loan approval new lender funds loan. • Escrow officer sends title all documents necessary to record the sale or refinance. • Escrow officer sets up recording with title unit and gives title the dollar figure to expect from new lender. • Preliminary Title Report and documents are reviewed for any last minute changes and accuracy. • Property i
