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47

ITEMS PERFORMED BY LENDER

ITEMS PERFORMED BY TICOR:

Loan Estimate Delivered to Consumer

Lender Logs on to

customer.ticortitle.com

to obtain

title/escrow fees and sends Loan Estimate to Consumer

Lender Approves Loan

Instructions & CD to Escrow

Lender sends Lender Instructions and

Closing Disclosure to Escrow

Lender Reviews & Delivers CD to Consumer

Lender makes corrections to Closing Disclosure and

sends to buyer for signature

CD Delivery Period Begins

Lender Funds

Lender Reviews Executed Loan Documents & Funds

Order Received

Send escrow number to lender and order

preliminary title report

Title Report

Preliminary Title Report received, reviewed and

delivered to all parties

Payoffs/Liens

Payoffs/Liens ordered

Escrow Reviews CD

Escrow reviews Closing Disclosure and sends any

corrections to Lender within 24 hours

Seller’s CD Sent

Closing Disclosure delivered to Seller

Sellers Sign Documents

Sellers called in for signing

CD Approved

Escrow receives confirmation that Closing

Disclosure has been approved

Loan Docs Received

Escrow receives loan documents and Buyers

are called in for Consummation

Buyer Signs

Buyer signs Loan Documents

Docs to Lender

Executed Documents are sent back to Lender

Balance File

Escrow balances file and verifies all

funds are received

File Records

Documents recorded

Closing Statements

Final Closing Statements are prepared and

sent out to the Lender and all parties

Policy Issued

Final Homeowner’s Title Policy issued

and sent to Buyer and Lender

Escrow Instructions to

Consumers

Escrow Instructions & documents are

prepared and sent to Consumers

Send Purchase Contract & Completed Loan

Application to Lender

Open Escrow/Title order with Ticor Title,

Submit Contract & Buyers Earnest Money

ESCROW

CLOSED

REALTOR

PURCHASE TITLE / ESCROW ORDER WORKFLOW