The Closing Process
The Closing Process
Receive Contract/ Title Order
For a Purchase/Sale: Albritton & Obee Title receives the Purchase/Sale Contract.
For a Refinance: Albritton & Obee Title receives a title order request.
Earnest Money
Only in a Purchase transaction, the buyer sends the earnest money to the designated entity in their Purchase/ Sale Contract.
Title Search
Albritton & Obee Title orders the title search.
Title Examination
Title Processor conducts a title examination and clears title issues, if any.
Closing
Once Lender gives a clear to close, Albritton & Obee Title schedules a closing date with all parties.
Final Numbers
Lender and Albritton & Obee Title‘s title processor work together to ensure an accurate Closing Disclosure (CD).
Closing Documents
Lender sends final loan documents to Albritton & Obee Title.
Settlement
All parties come to the closing table to sign and complete the closing process.