Life of an Escrow-Anne Truscott

Transcription

Life of an Escrow-Anne Truscott
Life of an Escrow
Prepare Escrow Instructions and
Pertinent Documents; Collect Deposit
Order Title Search
Obtain Signatures
Process Financing
Receive and Review
Preliminary Report
Request
Beneficiary Statement
Order Demands
Request Clarification of
any Other Items and
Review Taxes on Report
Receive Beneficiary
Statement and Enter
into File, Review Terms
of Transfer and Current
Payment Status, Have
Beneficiary Statement
Approved
Receive Demands
ANNE TRUSCOTT
Manager - Escrow Officer
Carlsbad Branch
7030 Avenida Encinas #120
Carlsbad, California 92011
Phone: 760.431.3335
Fax: 858.436.2387
[email protected]
Forward Escrow
Instructions, Prelim &
CCR’s to Lender
Obtain Loan Approval
and Terms
Request Loan
Documents
Review File to Determine all Conditions Have Been Met and that all Documents
are Correct and Available for Signature (Termite Report, Contingencies Released,
Fire Insurance Ordered,Secondary Loan Documents Prepared, etc.)
Reconcile File and Have all Remaining Items Executed, Including Loan Documents
Forward Documents to Title Company
Order Recording
Record Documents with County Recorder
Obtain Buyers Funds
Return Loan Documents
Request Funding of Loan
Close File: Prepare Statements and Disburse Funds
Complete Closing, Forward Final Documents
to Interested Parties, Buyer, Seller, Lender
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