The Closing Process
Receive Contract/ Title Order
For a Purchase/Sale: Answer Title receives the Purchase/Sale Contract
For a Refinance: Answer Title receives a title order request
Only in a Purchase transaction, the buyer sends the earnest money to the designated entity in their Purchase/ Sale Contract
All parties are invited to join the transaction file and communicate securely through Answer Title’s Qualia Connect platform
Answer Title orders title search.
Title processor conducts title examination and clears title issues, if any.
Once lender gives a clear to close, Answer Title schedules a closing date with all parties
Lender and Answer Title’s title processor work together to ensure an accurate Closing Disclosure (CD)
Lender sends final loan documents to Answer Title
All parties come to the closing table to sign and complete the closing process.