THE TITLE INSURANCE PROCESS

REQUEST FOR TITLE INSURANCE

A client places an order for title insurance. CIS Abstract Inc Title Insurance can issue an initial report with the minimum of information. This initial response shows the title as it is presently recorded.

RECORDS SEARCH

Title officer initiates three records searches: Property, Name, and Tax searches. CIS Abstract Inc then creates a preliminary report. We expedite the process of getting hard copies of recorded documents.

TITLE EXAMINATION

This is where a good partner helps. We provide the client with a useful, accurate title report in a timely fashion. We begin the review by making a technical analysis of the documents of record. We make an interpretive analysis to evaluate their impact on the title to the property.

BINDER/COMMITMENT 
(OR IN NY A TITLE REPORT)

The title underwriter issues a binder, indicating their intention to insure the title on a given property and specifying the amount of insurance, covered parties, policy terms, limitations and conditions.

CLEARING ENROACHMENTS

CIS Abstract Inc then works to clear any encroachments to the title. The title officer contacts the parties involved in an effort to get the judgment paid and clear the title.

CLOSING/PREMIUM PAYMENT

Unlike other insurance policies, there is a one-time only premium payment for title insurance. Generally, the premium is paid by the buyer/borrower.

POLICY ISSUES & DELIVERED

After the closing the insurance company issues the actual title policy.