When we receive the contract/title order, we will:

1. Review it for both accuracy and validity.

2. Send the listing agent and buyer’s agent a checklist to fill out, with questions pertaining to the property, including HOA, payoffs, commissions, and lender information.

3. Once the checklist is received, payoffs are ordered, and we call for HOA information.

4. If an earnest money or deposit check is received, the processor will see that it is deposited into a non-interest bearing escrow account, where the funds will remain until closing time.

5. The processor will then request preliminary title work. A title search will be conducted, and we will receive the title report within 3-5 days of the order date (Rush orders upon request)

6. We will order surveys for the property.

7. A tentative closing date and time will be scheduled.

1. We will examine the title, and a title commitment will be prepared.

2. We will take care of cleaning up any title issues, such as judgments or unreleased Deeds of Trust.

3. The processor again checks the information on the title commitment for accuracy.

4. We will confirm the closing date with the agents, the lender, the buyer, and the seller.

1. The settlement processor will again check all previous work for accuracy and validity before preparing the HUD-1 Settlement Statement. This shows all costs paid at closing, as well as pre-paid costs, such as the earnest money deposit and loan application fee. The lender will supply the settlement company with their closing figures and loan documents to be signed. Usually, this step happens the day before closing.

2. The lender, the buyer’s agents and the seller’s agents will be provided a copy of the HUD-1 Settlement Statement for review and approval.

3. Once the HUD-1 Settlement Statement is approved, Marvel Title can provide a copy of the HUD-1 Settlement Statement for the buyer and seller.

4. We will prepare our side documents for closing, such as the deed and any releases for the mortgages we will be paying off.

1. Now time to close the transaction and transfer ownership of the property from the seller to the buyer.
   

2. Our settlement agent will sit down with all parties involved to go over the HUD-1 settlement statement.

3. The seller will sign the deed transferring the property to the buyers.

4. The buyers will sign all their loan documents.

5. All funds will be disbursed.

6. The seller will provide the keys to the buyer’s new home!

1. We will review all the documents and copy them for our records; sending d the originals back to the lender.

2. We will overnight or wire any payoffs.

3. We will mail out the homeowner’s insurance, termite checks, home inspection, HOA, well checks, and septic checks.

4. We will send the original deed and deed of trust to the courthouse for recording purposes.

5. Once the original recordings come back, we will then issue the lender’s and owner’s title