You’ve secured a loan, selected your new home and
successfully negotiated with the seller, so closing the deal will be smooth
sailing, right? Well, only if you choose the right title agency to perform your
real estate settlement. This is where superb service makes a difference.
A title agency is a neutral third party that oversees and
manages the process once the seller accepts a buyer’s offer and a contract is
signed. The title agency works in conjunction with the lender, realtor, seller
and purchaser and conducts the settlement. However, many important steps
proceed this exciting moment and a lot can go wrong to delay or otherwise
jeopardize your closing. So before you buy your next home, it’s important to
know who will be conducting your settlement and to choose wisely.
Since 2009, Northwest Title & Escrow (NWTE)* has been
synonymous with superior customer service. NWTE is a licensed, bonded and
full-service title agency providing settlement services for residential and
commercial real estate closings in DC, Maryland and Virginia. As a testament to
its reputation in the industry, NWTE has been the recipient of Old Republic National Title Insurance
Company’s (Northern Division) Shining Star Award for Operational
Excellence for the past three years and Stewart
Title Guaranty Company’s 2020 Pacesetter Award.
According to Deb Koenig, assistant vice president of NWTE,
what makes the difference between a timely and efficient settlement and one
that is delayed is working with a reputable title agency that not only has
years of experience on its team, but experience working together as a team.
“With our team, there’s a synergy that ensures all the steps in the process are
done precisely so that issues are not discovered last minute, and the closing
can proceed smoothly,” she said.
Before closing, NWTE performs a title search to research
the public records related to the property. The title report is then examined,
and property title matters are cleared to avoid any delays for the settlement
to proceed. This is the first and perhaps most critical step in the process.
The team meticulously reviews loan documents, accurately assesses buyer and
seller costs and prepares the settlement package. At closing, a title agent
will review and explain your documents, making sure the terms you agreed upon
are correct. NWTE ensures all money required for the closing is handled
securely and properly to prevent fraud. Documents are then sent to the county
clerk’s office for recordation.
With every step, professional and clear communication with
the homebuyer is NWTE’s top priority. The team is flexible and accommodating in
regard to scheduling the closing as well. So for your next real estate purchase
— whether personal or business — ask for a title agency that will make a
difference in your closing. Better yet, just ask for NWTE.
*Northwest Title & Escrow is a subsidiary of NW Capital
Management, a wholly owned subsidiary of Northwest Federal Credit Union.