Developer & Builder Services Guide
Builder Escrow Flowchart Builder Escrow Flowchart
BUYER PRE-APPROVED BY LENDER IF NEW LOAN NEEDED
BUILDER REVIEWS AND ACCEPTS CONTRACT FROM BUYER
BUYER SELECTS HOME AND SUBMITS CONTRACT
BUYER VIEWS HOMES/MODELS
APPRAISAL ORDEREDY BY AND COMPLETED FOR LENDER
ESCROW OPENED AT SECURITY TITLE AGENCY BUILDER DIVISION
OPEN LETTERS SENT TO BUYER
BUYER ADVISES LENDER OF HOMEOWNERS INSURANCE COMPANY
LOAN DOCUMENTS PREPARED BY LENDER & SENT TO ESCROW
BUYER RECEIVES FINAL LOAN APPROVAL FROM LENDER
BUYER COMPLETES WALKTHROUGH OF HOME
APPOINTMENT SET: BUYER SIGN DOCUMENTS AND DEPOSITS REQUIRED FUNDS
CLOSING DOCUMENTS COMPLIED BY SECURITY TITLE AGENCY BUILDER DIVISION
LENDER “FUNDS LOAN” (SENDS FUNDS TO ESCROW)
SECURITY TITLE AGENCY BUILDER DIVISION ENSURES ALL CONDITIONS MET
LOAN DOCUMENTS RETURNED TO LENDER FOR REVIEW
FINAL DOCUMENTS SENT TO INTERESTED PARTIES
AFTER RECORDING CONFIRMED, SECURITY TITLE AGENY BUILDER DIVISION DISBURSES FUNDS
DOCUMENTS RECORDED AND ESCROW CLOSED
BUYER RECEIVES KEYS
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