Security Title Builder Services Guide

Bui lder 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

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

LENDER “FUNDS LOAN” (SENDS FUNDS TO ESCROW)

LOAN DOCUMENTS RETURNED TO LENDER FOR REVIEW

SECURITY TITLE AGENCY ENSURES ALL CONDITIONS MET

FINAL DOCUMENTS SENT TO INTERESTED PARTIES

DOCUMENTS RECORDED AND ESCROW CLOSED

AFTER RECORDING CONFIRMED, SECURITY TITLE AGENY DISBURSES FUNDS

BUYER RECEIVES KEYS

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