Page 6 - Hawaii Top Flyers

THE
ESCROW PROCESS

ESCROW OPENED
Escrow number issued, contract and deposit received by escrow

Preliminary Report/Commitment prepared and distributed for review

Additional terms and appropriate invoices from companies such as termite companies, homeowner associations,
roofers, inspection companies, home warranty companies etc. forwarded to the Escrow Officer.

CLOSING DISCLOSURE SENT BY THE LENDER OR ESCROW OFFICER TO THE BUYER FOR REVIEW
Seller Closing Disclosure sent to the seller by the Escrow Officer
Estimated Settlement Statement sent to the respective buyer’s and seller’s agents

Escrow receives loan documents and lender instructions for scheduling the signing

SIGNING DATE IS SCHEDULED
Buyer and Seller to bring valid ID to the signing appointment
Buyer to bring funds to close

Signed documents are returned to the lender and funds are requested to close

Funds are received from the lender and documents sent to the County Recorder for recording

Confirmation of recording is received, funds are disbursed, final settlement statement is prepared
and final CD is sent to the buyer by the lender or Escrow Officer

CONGRATULATIONS
Escrow is now closed. Keys are typically delivered by the agents or the seller
to the new homeowner and the Owner’s Title Policy is delivered by mail.

Thank you for choosing
OLD REPUBLIC TITLE!

Effective 10.23.15 | For loan applications taken after October 3, 2015,
the buyer/consumer must receive the new Closing Disclosure (CDI)
at least three business days prior to the date the buyer/consumer
is scheduled to sing the loan documents..

07/2021 | © 2021 Old Republic Title | OR2005-DI | Old Republic Title is providing this information as a free client service and makes no warranties or representations as to its
accuracy. Old Republic Title strongly recommends consumers confer with their title insurer as underwriting requirements vary among companies and further, obtain guidance and
advice from qualified professionals, including attorneys specializing in Real Property, Trusts and/or Title Insurance to get more detailed, and current, information as to any
particular situation affecting them.