Duties of a Title Company [Infographic]

duties-of-a-title-company

In a real estate transaction, the title company oversees the details involved in buying and selling real estate and is responsible for the closing process from start to finish. 

The top duties and roles of a title company in a typical real estate transaction:

The principal duties and roles of a title company in a typical real estate transaction:

1. Reviews Title

Ensures the chain of ownership is correct and complete, and that it has no encumbrances that could delay its sales such as liens, judgments, or lawsuits.

2. Issues Insurance Policies

With title insurance, buyers and lenders are protected against any deficit in the title that might cause serious losses.

3. Facilitates the Closing

Acting as an agent for each party to the transaction, the title company prepares the title documents needed to close, researches the current payoff figures, and creates a Closing Disclosure and/or ALTA Settlement Statement. 

4. Acts as Escrow Officer

The title agency holds any money or documents as part of the transaction and they are only released according to the written instructions of the buyer and seller.

5. Files and Records Paperwork

Following the closing, the title company will record the deed and mortgage as well as any additional documents that need to be recorded in the county land records office.

More on the blog:

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This place is an amazing place to get your home titles done. This was my first time buying a house and the ladies there are fantastic. They explained everything I needed and answered all questions I asked.

Mike S.

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This company went above and beyond to help rectify an issue that came up after closing.

Tyler H.

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Absolutely the best customer service I have ever experienced! I was in real estate for over 10 years and have very high expectations. I would HIGHLY recommend them for all your needs.

Debbie K.

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I'm glad I close all my loans with you. This is the best title company I've ever worked with. I recommend anyone to use them for all your title needs.

Eddie T.

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They have handled about a dozen real estate transactions for me. Always efficient, courteous, professional and make it effortless on my part.

Kevin M.

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