We research the subject property using our online Databases and other resources. Our experienced Title Examiners are the preliminary title policy or other report. We begin the review by Preliminary Report and Binder documents of Borrower. HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender and loans made through a variety of government programs, particularly VA, FHA loans. When a lender forecloses on a government insured loan, HUD takes possession of the property.
Underwriters determine whether an insurance agency should undertake the risk of insuring a client. They determine the risk and exposure of clients and also how much insurance should be granted to a client, how much they should pay for it and whether or not to offer an insurance policy to the client in the first place.
All the data from across the Mortgage documents received from Borrower, Seller, Real Estate Broker & Mortgage Lender into LOS and Verification of all required documents before the file moves to Underwriting.
Our team reviews the documents with respect to all like foreclosure, lien, tax, etc. and verifies the title chain, name and legalities aligned to it and any problem found is escalated and accurate.
From online Tax search status and calling to verify current and delinquent tax information, all the possible modes are used to effectively type the commitment.
Documents reviewed and capture of essential data for commitments and easements, restrictions, encumbrances, and other conditions are completed for the commitment report.
To Retrieval your abstract review, we will search online for any new documents recorded or assignments, and continuously monitor updates and retrieve the related documents.
