Utilizing a national network of Old Republic Title direct operations and policy-issuing, independent title agents, a search of public records is completed and title commitment prepared. The title work sent to our Customer will include municipal searches, property taxes (periods covered and when/where to make payments) and disclosure items that might affect the sale of the property. We will provide prompt, cost effective and quality solutions for handling curative issues to avoid any delays in equity disbursement or resale closing.
The title and closing solution for your home sale and purchase programs.
All documents necessary to transfer the property from the Transferee are prepared. When appropriate, we utilize our network of attorneys to prepare these documents. An explanation of the documents is included when the document package is sent to the Transferee or to the Customer.
Documents requiring notarization can be signed and notarized at a time and place convenient to the Transferee, including nights and weekends with OR SigningPro®, Old Republic Title’s nationwide panel of fully vetted signing professionals. Designed to deliver an unsurpassed Transferee experience, notaries understand the unique signing requirements for relocation transactions. Click here for more information.
Most non-notarized documents can be delivered and signed electronically, decreasing turn times and greatly improving tracking and reporting capabilities.
After reviewing all lien information (mortgage, HOA dues, taxes, utilities, etc.) the seller's estimated equity or final equity is calculated and an equity statement is issued. A 1099-S is prepared and filed if necessary; documentation is retained per IRS guidelines.
If a Customer wishes to payoff a loan, Old Republic Relocation Services will advise of the amount of the payoff and wire payoff funds to the lender, once funds are received from the customer. If a home is taken into inventory, all fees necessary to record the deed will be requested and sent with the deed to the local county recorder. The file will be monitored until the recorded release and/or deed have been confirmed.
Working closely with the local office/attorney, seller figures are obtained and reviewed to ensure that they comply with the contract and the Customer’s specific guidelines. For deficit closings, an estimate will be provided upon receipt of the real estate contract, enabling the Customer to arrange for deficit funds to be available by the closing date. Closing figures and documentation are sent to the Customer for approval, and the file is disbursed according to Customer guidelines.
For dual deed transactions, Old Republic Diversified Services, Inc. can hold title as Nominee, so the Customer does not have the exposure of entering the public chain of title.
Employee loan services are facilitated by providing a limited title search to secure the loan at origination, coordinating the preparation and recording of documents as well as preparation and recording of the lien release once the loan is paid in full.
Old Republic Relocation Services will customize a variety of additional services including, but not limited to, account reconciliation, direct reimbursement, individualized Customer reports, destination title and closing services, as well as ongoing industry training and education.
About Relocation Services
The Relocation Services Division was established in 1988. Utilizing a network of direct operations and policy-issuing, independent title agents, we are positioned to provide title, equity, and resale coordination nationwide.
We are a proud part of the Old Republic Title Insurance Group (ORTIG), a wholly-owned subsidiary of Old Republic International Corporation, one of the nation’s 50 largest publicly held insurance organizations. The ORTIG is comprised of a multitude of title and related services companies, including Old Republic National Title Insurance Company and American Guaranty Title Insurance Company, the group’s underwriters. Since 1992, no other title insurer has had higher overall financial-strength ratings than the ORTIG. These independent ratings reflect the Company’s strong operating performance over the long run, excellent capitalization and liquidity, as well as sound investment and reserving policies joined to a strong market position.
Old Republic Relocation Services is actively involved in regional relocation councils across the country as well as with the Worldwide Employee Relocation Council®. With offices in California, Pennsylvania and Texas, there is always a relocation professional available to answer your question or work with your transferring employee.