Loan Officers / Mortgage Brokers
Getting your client qualified is only the beginning. For most of your clients, buying or refinancing a home can be an intimidating process. Put their minds at ease by partnering with DB Title to manage the details and steps that follow contract execution.
For the Lender / Broker
Fast and reliable title searches so you know what it will take to get your deal closed
Creative troubleshooting - preparation of powers of attorney, quitclaim deeds—to help facilitate getting your deal to the closing table
Title commitments issued within 24 hours of receipt of title searches
Mortgage payoffs, judgment amounts and tax information ordered the same day we receive your title request.
Immediate notification of pre-payment penalties, excessive judgments or tax liens
Fast title clearance so your deal can move forward, tracking paid in full letters and getting releases for unreleased trusts
Preparation of Closing Disclosures for every stage leading up to closing
Services for Lenders
& Mortgage Brokers
DB Title provides escrow services for the neutral third-party handling of the funds and documents involved in your real estate transaction. We oversee your settlement tasks, distribute the funds and notarize the documents.
DB Title will coordinate your real estate transaction settlement (or “closing”.) We will see that your loan documents are in order and executed properly, distribute funds and deliver documents to all parties.
When an existing mortgage is refinanced, a new lender’s Title Insurance policy is required. A Title Insurance policy provides coverage for the life of a particular loan. When one loan ends and another begins, a new insurance policy is necessary. Homeowners refinancing their mortgage do not need a new owner’s policy as their original policy protects them for as long as they hold interest in the property.
Power of Attorney
Attorney, David Burger will prepare any Power of Attorney documents you require for your real estate deal. This is a legal document that authorizes one person (the “agent”) to act on behalf of another person (the “principal”).
Required by banks and other lending institutions, this policy is paid for by the buyer and protects the lender’s interest in the property until the debt has been satisfied. Prior to policy issue, DB Title will research records to ensure there are no unpaid taxes, pending legal actions, undisclosed heirs, errors, fraud or other problems with the property deed.
Attorney, David Burger will prepare the deed for your client. The deed will include the legal description of the property and will list the current and new owner’s names. During the closing, we will notarize everyone’s signatures and then deliver the deed to the county recorder’s office.
The Closing Disclosure
DB Title will prepare this form that outlines the details of your loan including the mortgage terms, the projected monthly payments, fees and closing costs. Lenders must provide this document at least 3 days prior to closing so that the borrower has adequate time to review and ask questions.
Attorney Opinion Letters
Occasionally, lenders will require assurances that loan documents are binding on the borrower, judicially enforceable and evidence mutual intent or all parties. Attorney, David Burger will provide this service when needed.