Quick Answer
From opening title to closing, the process includes: order opened, information gathered, title searched, title examined, commitment prepared, requirements addressed, closing coordinated, documents prepared, signing, funding, recording, and policy issuance. The entire process typically takes days to weeks depending on complexity.
Once you open a title order, a sequence of steps unfolds behind the scenes. Understanding the process helps you know what to expect and when.
The Steps From Opening Title to Policy Issuance
- Title order is opened: Someone contacts the title company and provides the purchase contract and property information. Open title with 1st Option Title to get started.
- Information is gathered: The title company collects details about the property, the parties, and the transaction.
- Title is searched: The search examines public records for deeds, liens, judgments, and other matters. Learn what a title search involves.
- Title is examined: A title examiner reviews the search results and identifies any issues.
- Commitment is prepared: The title commitment is drafted showing the proposed policy, requirements, and exceptions.
- Requirements are addressed: The title company works to resolve title issues, obtain lien releases, and satisfy requirements.
- Closing information is coordinated: The closing date is set, and all parties are notified.
- Documents are prepared: The deed, settlement statement, and other closing documents are drafted.
- Signing occurs: The buyer and seller sign the necessary documents.
- Funding occurs: Funds are transferred from the lender (if applicable) and buyer to the title company.
- Documents are recorded: The deed and mortgage are recorded with the county.
- Policies are issued: Title insurance policies are issued to the owner and lender.
Why Can Some Closings Take Longer?
Some transactions move faster than others. Factors that can extend the timeline include:
- Complex title issues (old liens, probate matters, chain of title gaps)
- Lender processing delays
- Appraisal or inspection issues
- Complex transaction structures (investor transactions, commercial deals)
- Multiple parties or properties involved
For complex transactions, choosing an experienced title company can make the difference between a smooth closing and a delayed one.
Key Takeaway
The title process involves many steps from order opening to policy issuance. While many closings proceed smoothly, complex issues can extend the timeline. An experienced title company anticipates and addresses problems early.
FAQs
Can I speed up the title process?
Responding quickly to requests for documents and information helps. Choosing a title company with experience in your type of transaction also helps. Some title companies offer rush services for expedited transactions.
What if a title issue is discovered late in the process?
Some issues can be resolved quickly. Others may require additional time. The title company will communicate the issue and work to resolve it as efficiently as possible. See what happens when a title search finds a problem.