What is a Title Examination
Examine The Title? What does that mean to me?When the title searcher gets all of the information available from the county records, collects copies of all of the pertinent documents relating to that property, and puts the information in chronological order, the file then moves on to the next step for review and examination by an experienced “Title Examiner”.
By an “Experienced” title examiner I
mean one that has had a significant amount of work in the area of search, has
attended various seminars, has trained under the guidance of another
experienced examiner, as well as a number of years in added continuing
education through various seminars and education opportunities available from
our Illinois Land Title Association Title School as well as many educational
opportunities presented by our underwriters. Although it is not
necessary to be an attorney, it is a good idea to have an attorney either on
staff or available for any issues that may require a legal opinion. In
the near future continuing education will be a requirement to become and
remain a qualified Title Examiner.
Who has owned the property prior to
now? Are the taxes paid and current? Are there any judgments
against the buyer? What mortgages, if any, are still not paid off and
released of record? Also an examiner needs to determine what easements,
if any, may either be detrimental or beneficial to the property.
These are just some of the basic
issues that illustrate why an examiner must be well trained to be able to
make a determination of insurability of title for the new buyer. If you
have any questions about this or any of our “Title Tips” please feel free to
call any of our offices and we will be glad to assist you.
Save the Date!
Be the first in your office to try out SureClose.com, Benchmark Title's new FREE online transaction management system. Why waste time making status phone calls or standing by the fax waiting for your title commitment when you can get what you need instantly from your own computer. Visit SureClose.com for more information or call April Tolan, our SureClose Specialist, at 618-239-3750 for your sign-on so you can start saving yourself time and money today. We'll even give you and your clients a free CD at closing containing copies of their closing documents.
Give me my policy!
Did you know that lenders and home buyers now receive their title policies at the closing table? Call Michelle Null, VP Escrow Operations, to learn more about this exciting new program.
Ready to refi?
Lenders and homeowners will want to hear about our fantastically low new refinance rates. Call today for a quote!
You can place your next title order now by clicking here.
Benchmark Title is pleased to introduce our new Closer, Angela Ingram, who joined the Shiloh office staff earlier this month. Angie first began working in the title insurance industry about 6 years ago as a receptionist for a St. Louis area title company. She moved up to closing coordinator/processor before taking a position in Des Moines, Iowa as a loan document supervisor for a national mortgage lending institution. Afer three and a half years away, Angie is in the process of relocating to the St. Louis metro east area and is excited to return to the title insurance business as a closer. Angie can be reached at 618-239-3750 or by email at firstname.lastname@example.org.
We send special notices and tips to customers who have given