Lenders trust Clear Choice Title
Our Processes Lead to a Smooth Closing
We close purchase and refinance loans for lenders throughout Volusia and Brevard County, Florida. Lenders get a current title search, a lender’s title insurance policy, accurate settlement figures and disbursement that follows your closing instructions.
Title Search
We provide the timely assurances Lenders need in order to close your loan. Even if title had recently been completed, lenders will want to know that there have not been any changes and that’s what our Search process will reveal. It’s important to perform a Title Search in a timely manner, so if any problems do arise everyone can have the necessary time to properly satisfy them.
Communication Hub
We act as a communication hub when it comes to contacting and coordinating; Lenders, Property Owners, Attorneys, government officials, surveyors and creditors, in order to resolve any issues before refinancing. Not only are we great at coordinating all the communication, we are also wonderful at gathering all of the necessary documents required for lending and closing.
Closing
The Day of Closing, “Closing” is a meeting in which the borrower arranges to sign all of the loan documents and we make the appropriate disbursements of all funds. It’s our job to prepare the Settlement Statement that lists all of costs to be paid from the loan proceeds and the amount to be disbursed to the borrower. At closing, the Borrower will sign the Settlement Statement, refinancing documents including the new promissory note and mortgage. As the closer, we then deliver the mortgage to be recorded with the county Clerk of the Circuit Court (Official Records) in Volusia, Brevard or the county where the property is located.
Disbursement
We stick to our Lender’s instructions when handling disbursement of funds. As the Closing Agent we deliver money to the appropriate entitled parties in accordance to the Settlement Statement.
Lender’s Title Insurance and Refinance Closings
A lender’s title insurance policy protects the lender’s mortgage lien, up to the loan amount, against covered title defects that existed before the loan closed. Most lenders require one on purchase and refinance loans. On a refinance we update the title search, pay off the existing mortgage and record the new one.
Send us your file through the order form or contact our team.
This information is general and educational only, is not legal advice, and does not change the terms of any title commitment or policy. Every transaction is different; consult a Florida attorney for legal advice.
Frequently asked questions
What does Clear Choice Title provide to lenders?
A current title search, a lender’s title insurance policy, accurate settlement figures, and disbursement that follows your closing instructions. We close purchase and refinance loans for lenders throughout Volusia and Brevard County.
What is a lender’s title insurance policy?
A lender’s policy protects the lender’s mortgage lien, up to the loan amount, against covered title defects that existed before the loan closed. Most lenders require one on purchase and refinance loans.
How does a refinance closing work?
On a refinance we update the title search, pay off the existing mortgage and record the new one. The borrower signs the settlement statement and the refinancing documents, including the new promissory note and mortgage.
Why do lenders need a title search if title was recently completed?
Lenders want assurance that nothing has changed since the last search, and our search process reveals any changes. Doing it in a timely manner gives everyone time to resolve any problems.
Who coordinates the parties on a loan closing?
We act as the communication hub among lenders, property owners, attorneys, government officials, surveyors and creditors, and we gather the documents needed for lending and closing so issues are resolved before the refinance.
How do you handle disbursement of funds?
We follow your instructions. As the closing agent, we deliver funds to the parties entitled to them in accordance with the settlement statement.
Where do you record the mortgage?
We deliver the mortgage to be recorded with the Clerk of the Circuit Court (Official Records) in Volusia, Brevard or the county where the property is located.
How do I send you a file?
Send your file through our online order form or contact our team. Port Orange: 386-878-2980. Titusville: 321-222-6220.