Closing Process
RECEIVE CONTRACT/ TITLE ORDER
For a Purchase/Sale: Monarch Title Services receives the Purchase/Sale Contract.
For a Refinance: Monarch Title Services receives a title order request.
EARNEST MONEY
Only in a Purchase transaction, the buyer sends the earnest money to the designated entity in their Purchase/ Sale Contract.
TITLE SEARCH
Monarch Title Services orders the title search.
TITLE EXAMINATION
Title Processor conducts a title examination and clears title issues, if any.
CLOSING
Once Lender gives a clear to close, Monarch Title Services schedules a closing date with all parties.
FINAL NUMBERS
Lender and Monarch Title Services‘ title processor work together to ensure an accurate Closing Disclosure (CD).
CLOSING DOCUMENTS
Lender sends final loan documents to Monarch Title Services.
SETTLEMENT
All parties come to the closing table to sign and complete the closing process.
RECEIVE CONTRACT/ TITLE ORDER
For a Purchase/Sale: Monarch Title Services receives the Purchase/Sale Contract.
For a Refinance: Monarch Title Services receives a title order request.
EARNEST MONEY
Only in a Purchase transaction, the buyer sends the earnest money to the designated entity in their Purchase/ Sale Contract.
TITLE SEARCH
Monarch Title Services orders the title search.
TITLE EXAMINATION
Title Processor conducts a title examination and clears title issues, if any.
CLOSING
Once Lender gives a clear to close, Monarch Title Services schedules a closing date with all parties.
FINAL NUMBERS
Lender and Monarch Title Services‘ title processor work together to ensure an accurate Closing Disclosure (CD).
CLOSING DOCUMENTS
Lender sends final loan documents to Monarch Title Services.
SETTLEMENT
All parties come to the closing table to sign and complete the closing process.