Closings glossary
Title officer
The person at a title agency or underwriter with authority over what a commitment requires and excepts. Clearance decisions on a file run through this role.
What does a title officer do?
Quick Answer
The full definition
The person at a title agency or underwriter with authority over what a commitment requires and excepts. Clearance decisions on a file run through this role.
Also called: Title examiner.
Which related terms should you know?
These are the terms that come up alongside title officer in the same file.
- Title commitment
- The document offering to insure title on stated terms, with Schedule A facts and Schedule B requirements and exceptions. It is the working agenda between contract and closing.
- Curative work
- The clearance steps taken between commitment and closing to remove title requirements: releases, satisfactions, corrective deeds, estate paperwork and payoffs of stale liens.
- Underwriter (title)
- The insurer whose policy is issued on a transaction. An agency prepares and issues on the underwriter's forms, and claims are ultimately paid by the underwriter.
- Schedule B
- The requirements and exceptions section of a title commitment. Requirements are cleared before closing; exceptions remain uninsured unless removed or endorsed over.
- Title search
- The records examination behind a title report, covering the chain of title, encumbrances and court filings against the owners. It precedes the commitment.
Where does title officer come up in a New York City closing?
A Bronx file needs an old estate proceeding accepted in place of a missing deed, and that call belongs to the title officer reviewing the search.
What else should you read before closing?
Questions this raises
- Who is in the room at a NYC closing?Buyer, seller, both attorneys, the title closer and a lender representative. Who attends a New York City closing, what each one does, and who can s...
- What is curative title work?Curative work clears Schedule B-I before closing: payoffs, missing satisfactions, heirship affidavits, ACRIS indexing fixes and escrow holdbacks in...
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