The Closing Process

The Closing Process


 

Receive Contract/ Title Order

For a Purchase/Sale: Scarab Title & Escrow Services, LLC receives the Purchase/Sale Contract.

For a Refinance: Scarab Title & Escrow Services, LLC 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

Scarab Title & Escrow Services, LLC 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, Scarab Title & Escrow Services, LLC schedules a closing date with all parties.

Middle aged couple signing mortgage papers

 

Final Numbers

Lender and Scarab Title & Escrow Services, LLC‘s title processor work together to ensure an accurate Closing Disclosure (CD).

 

Closing Documents

Lender sends final loan documents to Scarab Title & Escrow Services, LLC.

 

Settlement

All parties come to the closing table to sign and complete the closing process.

Middle aged couple signing mortgage papers