How it works

At the time of signing the Agreement of Sale, the buyer has the choice to determine which company they would like to insure their purchase. After that choice, the property search is ordered and the process begins. The subject property is searched in the County seat where the property is located. The searcher accesses the records for that property usually for at least the last 60 years. All Deeds, Mortgages, Assignments of Mortgages, etc are assembled with related documents such as tax records and water/sewer records, among others, and that information, the title brief, is forwarded to the title examiner. 
The title examiner reviews the brief and indicates those items that are important to the transaction about to be insured. Those items are then assembled and a title commitment is issued. This title commitment acts as a manual of how the settlement should transpire; that is, those items that must be addressed and information obtained so that at the time of settlement, those conditions or requirements can be cleared. The smoothness of the settlement depends on close interaction with the buyers and sellers’ real estate agents and their attorneys, lenders and various other municipal providers. Prior to settlement, you should be aware of the title company’s expectations of you and for you; and as required by RESPA, you are entitled to a completed HUD 1 Settlement Statement Sheet 24 hours prior to settlement. At the time of settlement, you will be confident and prepared.

Title companies, as well as the title agent, are licensed through the state where they operate and write insurance. All title companies have national underwriters to insure that they are operating effectively for their clients. In addition, each state provides guidelines for title company operations and all fees for title services are standardized and regulated by the Department of Insurance in each State where the title company operates.