Client Information

TIPS TO ENSURE A SMOOTH CLOSING

1.  Communicate early, clearly, and continuously.  New RESPA regulations
leave little room for error and proper disclosure of all fees is vital.
Your title agent can be instrumental in helping you keep errors at a minimum.
By sending your Good Faith Estimate with your order, you give the title
agent the tools to insure complete accuracy and disclosure far before the
loan goes to the closing table.  The title agent can actually send you a
preliminary HUD-1 Settlement Statement that will be very close to the
final version early on in the process.  If anything changes, inform your
title agent immediately so that they can adjust the fees on the
Settlement Statement.

2.  When working with borrower, buyer or seller, if a Power of
Attorney is to be used at closing, let your title agent know as soon
as possible, as we will need to review it prior to closing.  In
addition, the Escrow Agent may need to speak with the parties
listed on the Power of Attorney prior to and on the day of closing.

3.  Inform the Closer of any special arrangements that may be
required for closing.  The signatures of all parties are necessary
in order to close.  Therefore, if someone is unable to attend, we will
need to make appropriate accommodations.

4.  If an appraisal fee, hazard insurance, termite letter or any other
related bills are to be paid out of closing, please provide all
invoices at scheduling that we are to pay.

5.  Finally, make sure that customer had “good funds” for the closing.
“Good Funds” meaning that funds must be in the form of a
Cashier’s Check, made payable to “Aspen Title and Escrow, LLC”.
No personal checks of any kind will be accepted, excepting the
purchase of Owner’s Title Insurance at the closing table.

Important Documents:

Owner Title Insurance
Closing Fees
Fee Calculations
Title Rates
Errors & Omissions Policy
Title Terminology