title process: The Title Company- It's About More than Insurance Part V - 08/19/09 09:56 AM
So we've got the title report back from the abstractor, the processor has drawn up the title commitment and sent it off to the Lender. Now what? We wait for a Clear to Close from the Lender? 
Yes and No.
While a Clear to Close is required before scheduling an actual closing date, there is also plenty of work the title processor needs to complete before then as well.  First, they have to make sure that the requirements listed on the title commitment are fulfilled through closing.
This means that they will have to obtain payoffs for any loans, liens or … (0 comments)

title process: The Title Company; It's About More than Insurance (Part IV) - 06/02/09 04:44 PM
*Please note that these posts are written from -+-my knowledge gained as a title processor in the state of Maine. Different states have different rules regarding who can and cannot perform a title search, issue title insurance and perform a real estate closing.  Some states require that an attorney be on staff at a title company and perform the title abstracts, others, like the state of Maine allow outsourcing to abstractors who are not attorneys*
In this installment of my series we're going to leave the preliminary work behind and get into the real core of what the title company (or … (0 comments)

title process: The Title Company; It's About More than Insurance (Part III) - 05/28/09 09:59 AM
First, let me apologize for the long silence between posts in this series. My excuse? Moving. I moved from Maine to North Carolina in April, and the months leading up to the move were crazy.  Not quite as crazy as my days working as a title processor, but close.
But I'm beginning to get settled in, and am ready to pick up where I left off in this series. In my last post, the processor had sent the title order information to the abstractor to do a title search. This can take anywhere from a day to several days depending on … (0 comments)

title process: The Title Company; It'a About More Than Insurance Part II - 01/16/09 04:02 PM
(This post is part two in a series focused on giving an in-depth look at exactly what happens behind the scenes at a title company. I have drawn upon my own 4+ years of experience as a title processor/real estate paralegal in southern Maine in writing this series. Please be aware that things could vary according to what state you are in.)
Whether you're a loan processor, mortgage broker or real estate agent, you're all familiar with that point in time when the file gets sent to the title company. How many of you know what really happens once it gets … (0 comments)

title process: The Title Company; It'a About More Than Insurance - 01/14/09 08:04 PM
  As a real estate professional, the title company or title attorney is a necessary part of the puzzle. But how much do you really know about what goes on there?  And do they really provide more than just frustration and additional cost of insurance?   I hope that in a series of posts, I can not only answer that question but give you an insight that can help you work hand in hand with the title company and give your borrowers/sellers a smoother transaction.
First, what exactly is a title company/title agent?  A title company or title agent is an important … (1 comments)

 

Tina Hilton

Conover, NC

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