We recommend you keep all records pertaining to your home together in a safe place, including all purchase documents, insurance, maintenance and improvements. For more information, reach out to Magnus Title Agency.
Application interview and and lender obtains all pertinent documentation.
Order credit card report, appraisal on property, verification of employment, mortgage and/or rent, funds to close, landlords ratings, and commitment of title insurance.
The loan package is assembled and submitted to the underwriter for approval.
Supporting documents will start to come in, the lender will check for any problems. Requests for any additional items are made.
Parties are notified of loan approval and conditions.
DOCUMENTS ARE DRAWN
Loan documents are completed and sent to Magnus Title. Borrowers come into Magnus Title for final signatures.
Lenders reviews the loan package. Funds are transferred by wire or check to Magnus Title.
Magnus Title records the Deed and Deed of Trust with the County Recorder’s Office.
ESCROW IS NOW OFFICIALLY CLOSED!