Blueprint title sheet12/31/2023 Blueprint will work with the title insurer to deliver the title insurance policies to the buyer and/or lender. Policies Issued: the final stage involves issuing final title insurance policies. Some states require recording prior to funds being disbursed. We will take the necessary steps to file the deed that was signed at closing with the proper county authority. Recording: recording is the stage in which the deed and other required documentation, such as loan documents, is filed with the proper jurisdiction. This will include processing payoffs for liens and mortgages, paying any homeowner’s association fees or dues, and sending funds to the seller or borrower in accordance with their instructions.* Tasks in this stage include distributing documents for signature, deploying mobile notaries if needed, obtaining signatures from the parties, and completing all closing tasks.*įunding and Disbursement: now that closing is complete, all funds can be disbursed. Tasks in this stage include preparing the settlement statement, preparing escrow documents, building the disbursement documentation, scheduling the closing, and any other task needed to prepare the transactions for closing.*Ĭlosing: once all documents have been prepared and the closing is scheduled, the next stage is the closing itself. Tasks include obtaining information sheets from each party, ordering the title search, obtaining the title commitment, clearing title issues, obtaining information regarding lien, mortgage and other payoffs, homeowner’s association information, and other similar tasks.*Ĭlosing Document Preparation: once necessary information is gathered and title clearing tasks are completed, the team can begin preparing documents for closing. Information Gathering: this stage involves the bulk of title work and tasks associated with gathering the necessary information in order to create the settlement statement and prepare the closing documents. This includes opening the transactions and assessing the purchase agreement or title order. Order Received: this stage involves the initial set-up tasks when we first receive a transaction. Here are the stages and the typical tasks associated with each one: Each will involve its own nuances, which necessitates different types of tasks. Youll typically find the blueprint orientation near the plan legend, and the scale should be indicated on each separate drawing page. It’s important to note here that no two transactions are necessarily alike. In addition to the architects scale, youll want to look for a north arrow or a compass symbol that establishes the orientation of the drawings. Each of these stages has a number of associated tasks. The sheet is then saturated with ammonium ferric citrate solution and dried. The blueprint process starts off with a photosensitive ferric compound, usually the widely used ammonium ferric citrate and potassium ferricyanide. The Status Tracker breaks up the process into seven key stages. The blueprints presented as negative drawings or illustrations of the original as white lines on a blue background.
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