The Escrow Process

The Birth
  • Receive Purchase & Sale Agreement and/or Loan Setup
  • Assign Closer And Escrow Number
  • Order Title Report
Search and Review
  • Review Purchase & Sale Agreement
  • Review Preliminary Title Report
  • Contact Parties For Needed Information
Hunt & Gather
  • Obtain Payoffs on Liens/Bills To Be Paid Through Escrow
  • Obtain Title Clearing Documents
  • Obtain Commission Disbursements
  • Receive Loan Documents From Lender
  • Prepare Settlement Statement & Documents
Signing
  • Set Signing Appointments With Parties
  • Parties Deposit Documents and/or Funds Into Escrow
The Race
  • Return Loan Documents to Lender
  • Send Documents To Be Recorded To The Title Company
  • Lender Authorizes Funding
  • Title Delivers Documents To County Recorder
  • Lender Wires Loan Proceeds To Escrow
Disbursement
  • All Encumbrances And Bills Paid
  • Proceeds Available To Seller
  • Checks Available To Agents
  • Mortgage Broker Check Available
Home Stretch
  • Final Copies To All Parties
  • Record Reconveyances And Releases
  • Final Title Policies To The Parties
RETURN to Escrow Explained