The lender obtains title evidence.
Micro Title handles title compliance, payoffs, disbursements along with
proper ID and execution of the documents at closing.
Certain portions of the above may be performed by a party other than
the lender or the closing agent.
Commercial Closing
On Commercial transactions, the lender obtains title
evidence. Closing agent handles title compliance, payoffs, disbursements
along with proper ID and execution of the documents.
Courtesy Closing
More commonly called Witness Closing, the lender
obtains title evidence, payoffs, closing requirements. Closing agent
takes ID from signers and has documents executed appropriately.
Document Filing
Process by which legal documents are forwarded to the
respective County Court House for Recordation into public records.
Sub-Escrow
Once funds are received from the lending institute, the
funds are disbursed to pay off existing loans and taxes according to the
payoff statement provided.
