You’re going to need a great lender and title services…
Most home buyers and home sellers have little idea of what a title company actually does.
In reality, your title company is just as important to the home buying and home selling process as the mortgage lender, real estate agent, or home inspector.
Here are a few of the jobs a title company handles – you might be surprised to find they’re still working on your home purchase or sale even after you close
Title abstract: A title company performs a title abstract, which reviews a history of the property and its ownership and clears any liens or claims on the property. This is necessary to make sure a home buyer receives clear and marketable title to their new property.
Orders a survey: Your mortgage lender may require a survey or location drawing of the property. This is to check for potential problems, like your neighbors driveway, which might actually be on your property! They’ll work with you to clear any issues, and you’ll get a copy of the drawing at closing.
Paying property taxes: The title company makes sure the property taxes, water bill and Homeowners Association payments are current – otherwise, you’d end up with a lien.
Issues title insurance policy: Your mortgage lender will require you purchase a title policy to protects the lender’s investment in the property, and it’s smart to purchase the policy to protect yourself, as well. Title insurance covers you for unforeseen claims or fraud against the property, and would pay for financial loss and the legal costs necessary to clear such claims.
Universal Title is a family-owned and operated settlement company and title agency, which has been conducting real estate settlements in Virginia, Maryland, and the District of Columbia for over thirty years. Universal Title is proud of the personal level of service we give our clients and customers. With more than a dozen attorneys on staff, we are always available for your settlement needs and are capable of handling even the most complex and complicated transactions.
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When you work with Direct Mortgage Loans, you’ll receive prompt, personal service that enhances your home buying experience. We provide real-time updates that allow us to keep you updated every step of the way. The entire loan process, from application to closing is managed in-house – this results in a shorter loan process. Every employee of our company has direct access to all processors and underwriters. We have built a business that is recognized for integrity, excellent service and efficient processes.
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At Fairway Independent Mortgage Corporation, customer service is a way of life. We are dedicated to finding great rates and loan options for our customers while offering some of the fastest turn times in the industry. Our goal is to act as a trusted advisor, providing highly personalized service and helping you through every step of the loan process – from application to closing and beyond. It’s all designed to exceed expectations, provide satisfaction and earn trust.