Closing the loop after closing
After a transaction closes and the documents are recorded, the title company still has to issue the final owner's and lender's title insurance policies. This post-closing work is easy to fall behind on when your team is focused on new orders and upcoming closings. A backlog of unissued policies leads to follow-up calls from lenders and more work down the road.
Jade Title Services helps you keep final policies current.
What final policy preparation includes
- Updating Schedule A with the final insured, policy amount, and date of policy
- Adding recording information for the deed and the insured mortgage
- Removing requirements that were satisfied at closing, such as paid-off mortgages
- Carrying forward the exceptions that remain, and removing the ones the commitment said would be deleted
- Including the endorsements that were ordered
- Checking the policy against the commitment and the closing documents your team provides
Accuracy you can rely on
A final policy is the document your customer keeps. We review every policy against the commitment and the closing file before delivery. Anything that doesn't line up, such as missing recording data or a requirement with no evidence it was satisfied, is flagged for your team to resolve. We don't guess.
Catching up on a policy backlog
If final policies have piled up, we can help you work through them alongside your current closings. Tell us about your volume during a free consultation and we'll talk through the best approach.
Related services
Final policies are the last step of a file we can support from the start: order entry, search preparation, and commitment typing. Lenders can also read about how title support helps them close on time.