Services
Services
TITLE INSURANCE SERVICES
- Full ALTA Title Insurance Policy (Description)
- ALTA Residential Limited Coverage Junior Loan Policy (JLP) (Description | Sample)
- Closing and Escrow Services (Description)
TRACT, O & E, LETTER REPORTS
- Ownership Report (Description | Sample)
- Property Report (Description | Sample)
- LienSafe Service Package (Description | Sample)
ADDITIONAL SERVICES
- Exhibit A Project
- Radius Search
SERVICES TO VENDOR MANAGEMENT COMPANIES
- Deed Report
- Current Owner / Two Owner
- Full Search
- Recording Verification
- Update / Bringdown
- REO Search (Real Estate Owned)
- Back Plant
Descriptions
TITLE INSURANCE SERVICES
ALTA TITLE INSURANCE POLICY
Our swift 1-3 day delivery of title commitments allows you to attend to any title issues in plenty of time to close your loan on schedule, and without worry of loss of rate-lock. OConnor Title Guaranty is an issuing agent of First American Title.
ALTA RESIDENTIAL LIMITED COVERAGE JUNIOR LOAN POLICY (JLP)
We are pleased to introduce our ALTA Limited Coverage Junior Loan Policy. This Title Insurance product, increasingly popular among Second Mortgage Lenders, is now available in our condensed, easy to read format. The information, as shown in the enclosed sample, is presented in a succinct way that allows you to find the pertinent data without wading through pages of redundancy. This product is only available for loans securing 1-4 unit residential properties and condominium units.
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CLOSING AND ESCROW SERVICES
Let OConnor Title handle all your title needs from commitment to disbursement of funds. Your borrowers will experience a greater level of comfort as they are able to attend their closings in your offices, or in the comfort of their own homes, at no additional cost. This added convenience afforded to your borrowers could prove to be instrumental in bringing them back to your desk for their future financial needs. OConnor Title contracts only with a core group of experienced closers who will travel to the locations of your choice, anywhere within the 7-county Chicago metro area. We will not entrust any part of the closing of your loan to a loan signing service, nor to any signing agent whom we do not know to meet our high standards. We’ll get your loans closed outside of normal business hours, too!
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TITLE SEARCH PRODUCTS
OWNERSHIP REPORT
Includes owners’ names, tax parcel number and legal description.
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PROPERTY REPORT
Includes owners’ names, encumbrances, tax parcel number and legal description.
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LIENSAFE SERVICE PACKAGE
LienSafe is more than just a title search. It is a process that provides several peeks at the condition of title as your loan is processed, closed, funded and recorded. LienSafe features a quick update of your title report before you fund your loan, thereby reducing your risk of being “gapped” by an intervening lien.
The process continues with OConnor Title’s swift document recording services. We will work with you to ensure that your mortgage documents are recorded as quickly as practical, further reducing your “gap” risk. Wherever possible, we will also notify you of the recording information within a day after recording. You will not have to wait for the original recording to arrive in the mail. The LienSafe process is completed with a final update covering the date of your recording.
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ADDITIONAL SERVICES
FLOOD HAZARD CERTIFICATION
For your convenience, OConnor Title can obtain your flood certifications for you, eliminating the need for you to key in the same information twice. If you are interested in this time-saving service, please contact us prior to placing your first order. We will need to need to submit your institution’s name, address and lender ID number so that your certifications will be compliant with FDIC regulations.
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