Order Title Report
Receive & Review Title Report
Have Buyer/Borrower Approve
Request Beneficiary Statement IF Loan is to be Assumed or
Taken “Subject To”
Request Demands (if loan is to be paid off).
Request Clarification of Other Liens (if any) & Review
Taxes on Report
Receive Demands & Enter into File
Have Borrower/Owner Approve Demands
Forward Demands to Title Company
Process Financing
Review Terms of Transfer & Current Payment Status. Have
Beneficiary Statement Approved by Buyer/Seller
Send Certified Copy of Escrow Instructions & Title
Report to Lender
Receive Loan Approval, Prepare Lender Rate,
Terms & Ammendments
Request Loan Documents
Arrange for Loan Documents to be Signed & Notarized
Review file to determine that all conditions have been met & that all documents are correct &
available for signature. (Termite Inspection, contingencies released, fire insurance ordered,
additional documents, second deed of trust, bill of sale, etc... have been prepared.)
Figure file and obtain signatures on estimated closing statements & all remaining docu-
ments/instructions from Buyer & Seller
Forward Documents to Title
Company
Obtain Funds from Buyer
Return Loan Documents
Request Loan Funds
Receive Loan Funds
Order Recording
Close File, Prepare Statements &
Disburse Funds
Complete Closing, Forward Final
Documents to All Interested Parties
PREPARE ESCROW INSTRUCTIONS & PERTINENT DOCUMENTS
OBTA I N S I GNATUR E S
THE LIFE OF AN ESCROW
&
TAMMIE COULTER
805.207.3941
JAMES FEDERIS
805.402.3518