Commitment to Insure/Full ALTA Title Insurance A Title Commitment is a promise to issue an insurance policy on a piece of property. A Title Commitment is equivalent to a binder for other types of insurance, which commits, or binds, the insurance company to issue the policy as set forth in the commitment. Epic Real Estate Solutions, Inc. provides title insurance services in all fifty states.

Non-Insured Informational Reports Epic Real Estate Solutions, Inc. provides a wide array of informational reports that focus on the direct needs of the mortgage lending industry and secondary markets. Following is a list and brief description of the non-insured informational reports offered.

Deed Only Search

Informational report that includes the current vesting of record, all current deed information (including grantor, execution date, recording date and recording reference) and full legal description of subject property.

Limited Property Report

Informational report that includes the current vesting of record, all current deed information (including grantor, execution date, recording date and recording reference), open mortgages of record with last assignment, taxes as reported at the county level, and full legal description of subject property. Search is limited to the current owner of record.

Mortgage Search

Informational report that includes the information for a specified mortgage including mortgagor, mortgagee, beneficiary, trustee, execution date, recording date, recording reference, mortgage amount, and all assignments of record.

Property Report/Current Owner Report

Informational report that includes the current vesting of record, all current deed information (including grantor, execution date, recording date and recording reference), open mortgages of record with last assignment, judgments and other involuntary liens, taxes as reported at the county level, and full legal description of subject property. Search is limited to the current owner of record.

Two Owner Property Report

Informational report that includes the current vesting of record, all current deed information (including grantor, execution date, recording date and recording reference), open mortgages of record with last assignment, judgments and other involuntary liens, taxes as reported at the county level, full legal description of subject property, and ownership information for prior owner. Search is limited to the current owner of record and the previous owner of record.

Five Year Search

Informational report that includes the current vesting of record, all current deed information (including grantor, execution date, recording date and recording reference), open mortgages of record with last assignment, judgments and other involuntary liens, taxes as reported at the county level, full legal description of subject property, and five year chain of title. Search is limited to the owners of record with the past five years.

Ten Year Search

Informational report that includes the current vesting of record, all current deed information (including grantor, execution date, recording date and recording reference), open mortgages of record with last assignment, judgments and other involuntary liens, taxes as reported at the county level, full legal description of subject property, and five year chain of title. Search is limited to the owners of record with the past ten years.

Full Search

Informational report that includes the current vesting of record, all current deed information (including grantor, execution date, recording date and recording reference), open mortgages of record with last assignment, judgments and other involuntary liens, taxes as reported at the county level, full legal description of subject property, and appropriate chain of title. Search is limited to the owners of record within the time frame as required by the state to constitute a full search.

Title Clearance/Curative Services

Epic Real Estate Solutions, Inc., upon completion of the preliminary abstract of title, offers full title clearance or title curative services. Clearance or curative services include ordering mortgage or judgment payoff demands, tracking releases for previously paid mortgages, completing research for judgment and involuntary liens, obtaining and verifying real estate tax information at a county or local level, preparing or coordinating the preparation of new conveyance deed, and requesting and tracking subordination agreements.

Closing Services

Epic Real Estate Solutions, Inc. provides full service closings that are both lender and consumer friendly. Closing services can be provided separately or as part of a bundled package. Following is a list and brief description of the closing services offered.

Scheduling Services

After the loan is approved and title is clear, Epic Real Estate Solutions, Inc. will schedule the signing through our extensive network of real estate notaries, title agencies or real estate attorneys. Our scheduling team will also place a courtesy call to both the borrower and closing vendor to confirm that all necessary documents are ready and the borrower is prepared to sign the appropriate loan documents.

HUD Preparation

Our HUD preparation team will prepare the HUD settlement statement in accordance with the lender's closing instructions and the requirements of the title insurance commitment, if applicable. Epic Real Estate Solutions, Inc. will provide the preliminary HUD settlement statement to the lender and/or investor for approval prior to the physical signing, if necessary.

Loan Package Delivery

Epic Real Estate Solutions, Inc. will accept the lender's loan documents in variety of formats, download the loan document package and review the loan document package for vesting and legal description compliance. Once complete our document quality professionals will forward the document package to the closing vendor for physical signing.

Post Close Review

Our post close review department will perform our standard quality review checklist upon receipt of the executed loan package from the closing vendor.Epic Real Estate Solutions, Inc. can customize the post close review checklist to include special requirements added by the lender and/or investor.

Mortgage Recording

Epic Real Estate Solutions, Inc. will perform a quality review of the mortgage to ensure the document complies with the county recording rules and regulations. Our mortgage recording team will forward the mortgage for recording and track the mortgage until recording information has been obtained and delivered to the lender.

Disbursement

Epic Real Estate Solutions, Inc. provides a quality disbursement process that includes tracking of incoming funds and accurate and timely disbursements that are in accordance with the HUD settlement statement and local and state guidelines.