Here are the steps in the title process:
Initial request for title insurance: An order for title insurance is opened by a title officer who produces the initial response promptly. A preliminary report can be issued with the minimum information; without even identifying the buyer or the terms of the sale. It shows the record title as it presently exists and is only an offer to provide insurance.
On-site Searching and Examining: A title officer performs three searches: Property, Name and Tax searches. From that information, a preliminary report is created.
Technical Review: Once the report is issued, the review begins by making a technical analysis of the documents of record. An interpretive view of all recorded matters is made to evaluate their impact on the title to the property.
Inspection Analysis: From an inspection report, the initial title product is supplemented to show any encroachments or other off-record matters which could impact the title.
Offering assistance: We offer solutions and assistance to impediments to the close of the transaction.
Documents in the title process:
Commitment – Condition of Title
Pro Forma- Example of the Policy (not finished)
Policy – Final Product