Ticor Title
HOME | ALL ABOUT TITLE | ALL ABOUT CLOSING | SMART MONEY | GLOSSARY | ABOUT US | BOOKMARK

LENDERS
and other customers obtaining quotes for Loan Estimates and/or Good Faith Estimates must use the link below

Click here for Residential Title & Settlement rate quotes    

TITLE INSURANCE RATE QUOTES ONLY
National Rate Calculator

Enter your zip code

Online quotes are not available for the IA, IL, IN, KS, MO and OK.

Find a Title Company:
Learn more about the title companies in your area.
Enter your zip code:


Other Languages
All About Closing

All About Closing - Overview
All About Closing - The Players
All About Closing - The Documents
All About Closing - Closing Costs
All About Closing - The Process

 

The Players

A number of different parties are involved in the process of refinancing or transferring ownership of real estate. You can expect to see any or all of them at the closing itself.

Your Real Estate Agent — Acts as an intermediary between you and the seller. Generally assists in helping you purchase property for the lowest possible price and best terms.

Seller — Signs the deed over to the buyer and presents the keys to the home.

Seller’s Real Estate Agent — This real estate agent represents the seller (who may not be present at the closing itself). Generally assists in helping the seller get the highest possible price and best terms for the property.

Escrow Officer — An objective third party who processes and disburses funds in accordance to the instructions provided by the seller and buyer. The escrow officer is often a representative from Ticor Title.

Settlement Agent — A representative from Ticor Title, this person is responsible for facilitating the closing by preparing and recording documents. 

Lender/Bank — The institution (usually a bank or mortgage company) that lends the money to the buyer. The lender is often called the “mortgagee", while the borrower is referred to as the “mortgagor".

Loan Servicer — The institution that will receive and process your mortgage payments and manage your escrow account. This is often the lending institution, but not always.
  The Players