Escrow & Closing Services
|
| Product
Name |
Description |
| Closing
and Escrow Services |
On
Residential transactions, the lender obtains title evidence. Closing
agent handles title compliance, payoffs, disbursements along with proper
ID and execution of the documents at closing. A party other than the
lender or the closing agent may perform certain portions of the
above. |
| Commercial
Closing |
On Commercial
transactions, the lender obtains title evidence. Closing agent handles
title compliance, payoffs, disbursements along with proper ID and
execution of the documents. |
| Courtesy
Closing |
More
commonly called Witness Closing, the lender obtains title evidence,
payoffs, closing requirements. Closing agent takes ID from signers and
has documents executed appropriately. |
| Document Filing |
Process by which
legal documents are forwarded to the respective County Court House for
Recordation into public records. |
| Sub-Escrow |
Once
funds are received from the lending institute, the funds are disbursed
to pay off existing loans and taxes according to the payoff statement
provided. |
| |
