Flatworld Mortgage specializes in assisting title companies review commitment reports to ensure a title is free from doubts and defects and hence completely marketable. We have assisted several title companies check the nitty gritty of a document to ensure their clients can close transactions in a safe manner and in short turnaround times. Our end-to-end services are designed to helpour clients understand the insurer's obligations under a title commitment and assist them get the correct insurance endorsements.
We provide reviews of search documents for title companies prior to preparing a commitment to ensure the completeness and accuracy of the search. We rigorously follow the guidelines to search reviews so that all possible defects are identified and resolved before proceeding for the final closure. Our search review process encompasses:
We collect, organize and annotate search review documents to ensure they appear in the order in which they should appear in the commitment preparation process. The two important subsections of the commitment, Schedule A and Schedule B, receive a special eye to detail in our services.
For subsection Schedule A, we prepare and review information pertaining to
For subsection Schedule B, the following action items are raised and reviewed by our experts
While completing the Commitment Preparation Instructions (CPI) form, we use search results and prior title evidence to prepare the Commitment as desired. We ensure a complete and correct CPI form to avoid delays caused by clarification requests. Our experts pay special attention to cross-verification of CPI details for timely Commitment Preparation.
Post Commitment Preparation, we issue the original commitment to all proposed insureds along with the following set of documents:
Our services include modification of Commitments that have already been issued. These modifications are handled using the Date Down Endorsement process instead of issuing new A & B Schedules. This allows the parties to keep track of the changes and avoid any confusion regarding the currently effective schedules.
Our team comprises experts with vast experience in reviewing commitment report section by section. They have a great understanding of insurers obligations, analyzing surveys, reviewing schedules, resolving common defects and obtaining endorsements. Besides, they are experts in the title mark-up process that involves verifying legal ownership of properties, validating title records, highlighting remaining title issues that may apply and performing other administrative duties.