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Closing Process

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.