Help!! How does a loan officer order a Title search?

What is the procedure? Who do i talk to? what do i say? How long does it take? etc

Help!! How does a loan officer order a Title search?

Most mortgage brokers have online access to their title companies they use. Usually you can order one online and it can get e-mailed and mailed to you within a day or two. You could always ask your title rep to walk you through this process over the phone, they have a vested interest in making sure you can order a title report. ;)

Also, if you%26#039;re new to the office (and mortgage business) and you feel like you have no idea what you%26#039;re doing, you might want to take a loan processing class. Ordering title is easy, it%26#039;s filling out a 1003 so that it can get submitted to an underwriter with minimal conditions that trips you up. By the way, if you had to ask what is a 1003, please join a loan processing class immediately! ;)

Good Luck.

Regards...

Help!! How does a loan officer order a Title search?

Any title company will perform a title search for you. The last one I had done cost about $200, but it is worth it so there are no surprises later.

Help!! How does a loan officer order a Title search?

In California, you just look in the yellow pages under TITLE COMPANY, call the office %26amp; tell them you would like to have a %26quot;title search%26quot; done for purposes of a sale, loan, etc. They will tell when to bring into their office (or fax). You will need a photo ID %26amp; your signature will be notorized. If you are representing another party, you will probably have to submit specific forms to that effect, so be sure to disclose this fact BEFORE you start the process. It can take anywhere from 2 hours to 2 weeks, sometimes longer if the other agencies involved do not cooperate with the title co. You will also need the address of the property %26amp; it is good to have the PARCEL number %26amp; owners full name %26amp; social security number. If you do not have these things, the title co will request them from the owner listed on the PROPERTY DEED (they must be notified of the search, regardless).