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Life of an Escrow |
The Birth | -
Receive Purchase & Sale Agreement and/or Loan Setup
- Assign Closer And Escrow Number
- Order Title Report
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Search and Review | -
Review Purchase & Sale Agreement
- Review Preliminary Title Report
- Contact Parties For Needed Information
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Hunt & Gather | -
Obtain Payoffs on Liens/Bills To Be Paid Through Escrow
- Obtain Title Clearing Documents
- Obtain Commission Disbursements
- Receive Loan Documents From Lender
- Prepare Settlement Statement & Documents
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Signing | -
Set Signing Appointments With Parties
- Parties Deposit Documents and/or Funds Into Escrow
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The Race | -
Return Loan Documents to Lender
- Send Documents To Be Recorded To The Title Company
- Lender Authorizes Funding
- Title Delivers Documents To County Recorder
- Lender Wires Loan Proceeds To Escrow
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Disbursement | -
All Encumbrances And Bills Paid
- Proceeds Available To Seller
- Checks Available To Agents
- Mortgage Broker Check Available
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Home Stretch | -
Final Copies To All Parties
- Record Reconveyances And Releases
- Final Title Policies To The Parties
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