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Mortgage companies often face the huge challenge of transfer of title from the seller to the buyer. Not only is this process resource intensive, it also involves many nuances that require a considerable expenditure of time and money at this crucial stage. Title ordering, financial analysis, title transfer, obtaining property insurance, acquiring the mortgage policy, etc., are some key requirements when dealing with property titles.
For over 21 years, Outsource2india has worked with companies of varying sizes, handling the complexities of their title work. With a core team of mortgage and financial professionals, we meticulously assist our clients with ordering and examining titles, developing title insurance and making work a whole lot easier for our customers' underwriters.
Outsource2india's Mortgage Title support services include -
Title insurance is an important aspect covering the property in question. It protects both the buyer and the seller. The lending institution and the borrower both require separate title insurance coverage for the property involved in the transaction, since the lender's insurance policy does not protect the interests of the buyer. Therefore, the buyer needs separate title insurance to cover his risks.
The title insurance held by the lender ensures that the property has a valid mortgage lien. Outsource2india can order the title on behalf of the lender, after carrying out due diligence.
Based on the specific needs of the buyer and the lending company, we can search and order titles based on area, county, or city. The title search, however, can be executed by the company itself, following which we can order the title. Working with loan officers, we can coordinate with title companies to obtain a detailed report of the title. Through constant follow-ups, we acquire an accurate and exhaustive title report.
To protect both the lender and the buyer of a property, title examination is an essential task to clear any defects and disputes attached to a property. It serves as an anti-fraud mechanism for the lender. While performing the title, search is the responsibility of the closing agent, ordering the title search is the lender's responsibility.
A thorough and meticulous check needs to be carried out while examining the title. The search encompasses taxes, lawsuits, judgments, liens, and legal claims. Outsource2india's team can perform an exhaustive examination of the title and ensure that the lender is insulated from fraudulent property transactions.
After completing the title search and ordering the title, we obtain a commitment report. It contains the details of the title insurance and conditions of insurance. At this stage, we can start to clear anomalies and defects that were identified during the title examination. This will facilitate a smooth closure between the lender and the buyer.
Outsource mortgage title support to Outsource2india to save on costs and complications!
Decide in 24 hours whether outsourcing will work for you.
Have specific requirements? Email us at: mortgage.info@outsource2india.com
Key Differentiators
Case StudiesDecide in 24 hours whether outsourcing will work for you.
Have specific requirements? Email us at: mortgage.info@outsource2india.com
No.6, Banaswadi Main Road, Dodda Banaswadi, Bangalore - 560 043
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116 Village Blvd, Suite 200, Princeton, NJ 08540
