Reliable BPO prepares the title report based on the title search for current owner / two owner / full title searches on title, open liens, other encumbrances and current taxes.
Reliable BPO prepares the commitment report using the information in Schedule A (Effective Date, Proposed Buyer/ Lender information, current vesting owner and current deed’s recording information), Schedule B – Section 1 (requirements), Schedule B – Section 2 (exceptions) and Schedule C (legal description).
Reliable BPO reviews title commitments and prepares the final title policies on client’s application / offline template.
Title review is an important aspect of mortgage processing that protects the interests of both the borrower and the lender. Reliable BPO pays great attention to this process and reviews the title documentation to ensure that the collateral property is free of any legal claims, liens and lawsuits.