The settlement company’s file is usually opened upon the receipt of the title order. Title can be ordered by the Purchaser, the Borrower, the loan officer or the Realtor. The average settlement company will then order a title search, a house location survey, payoff statements and teal estate tax information. eSettlement Solutions simultaneously creates a virtual file so all parties to the transaction have immediate access to the settlement process. All parties can communicate with each other and follow the progress of the transaction as it moves forward. All the parties can follow as we clear title, draft a title insurance commitment, schedule the closing time and date. We believe the settlement process should be a transparent and smooth procedure. The day before closing the lender will provide us with final loan instructions and Lender prepared loan documents. We merge these instruments into our system and create a final closing package. Among other documents we prepare the HUD-1 Settlement Statement and Deed. We then conduct the settlement and act as the escrow agent as we are responsible for the disbursement of all settlement funds.

There are nearly a dozen different types of fees that Attorneys, Title Agents, and settlement companies charge. Many title companies attempt to disguise fees in creative ways. Many of the Fees are redundant and overlapping and an educated consume should not hesitate to question each and every charge. Fees are most commonly set forth as follows:

• Settlement Closing Fee
• Title Search or Title Abstract
• Title Review or Title Examination
• Title Insurance Binder or Title Insurance Commitment
• Title Insurance Premium
• Courier/Overnight/Wire Fees
• Administrative Fees
• Document Preparation Fees
• Notary Fee
• House Location Survey Fee
• Judgment Search Fee
• Release Preparation Fee
• Mobile Settlement Fee

Title Insurance is a one-time charge assessed at settlement for the purchase of a Title Insurance Policy that protects the Home buyer and their Lender from defects in the property title. There are hundreds of defects that can not be detected by even the most experienced title search. Among other important things the property title proves ownership. Problems with title can include outstanding liens, outstanding mortgages, easements, errors in past Deeds, claims of missed heirs, and fraudulent transfers. Title insurance would protect you against forged Deeds or Releases; Deeds executed by persons of unsound mind; claims for unpaid inheritance taxes; among numerous other common claims.

eSettlement Solutions should have the final version of the executed contract or agreement online for all parties to view. If there were subsequent agreements or amendments all parties should bring these documents to the closing.

• Certified or Cashiers check
• Proof of Purchase of Insurance for fire, casualty Insurance
• Photo ID

The primary purpose of the survey is for the attorney to confirm that the home and any improvements lie within the established property lines. The Attorney confirms that the legal description and address match the Deed vesting title in the current owner; No part of the improvements encroach beyond the property lines or minimum building restriction lines; No fence or structure owned by a neighbor encroaches on the subject property; no easement or right of way exists that would effect access to the premises.

[eSettlement solutions uses state of the art security.] All data can only be reached with a combination of password and email.

Don’t let our name fool you. We have been conducting closings since the days of carbon paper and the typewriter. However quill and ink is before our time. If you prefer to fax in your order and communicate by telephone we would be happy to accommodate you by any means that best suites your comfort. Furthermore, technology supplements but does not replace the human component of the real estate transaction. Our experienced attorneys and dedicated processing staff truly enjoy the human interaction. We are able to offer the best of both worlds.

Anywhere you wish. Anytime you wish. We do not charge more to conduct a closing outside of “bankers” hours. At eSettlement Solutions we do not believe you should have to take off from work to refinance your home nor do we think you should pay extra to settle during these hours. We can accommodate your settlement at your home, office or anywhere that is convenient for you. We have mobile title agents, mobile attorneys and mobile signing agents. We travel with paper, with tablet notebook computers or any other means needed to complete the transaction. We can click and close, notarize electronically or watch you sign and apply our seal. It is all up to you.