The Settlement Process

AOS is received
Verify insured address in Assessment.
Order property search.
Send welcome packet and seller forms.
Order tax certs.

Search history of property, owners of record, and liens.
Examine search pursuant to PA statutes and underwriting directives.
Prepare & Distribute Title commitment.

Prepare and send lender title requirements.
Order payoffs and clear any title requirements.
Schedule settlement.
Prepare settlement sheet & balance the CD with the lender.
Prepare settlement package and title policy.

Review & Notarize settlement documents.
Collect Funds.
Submit executed documents for lender funding approval.
Disburse commission & proceeds checks.

Release any bank wires.
Mail remaining checks.
Review & scan executed documents.
Send executed loan docs back to lender.

Record insured documents.
Distribute title policies.
Release final utility escrows.

The settlement process is the crucial final phase in a variety of financial transactions, encompassing the culmination and formalization of agreements between parties. It acts as the bridge between negotiation and completion, ensuring that all terms and conditions agreed upon are executed accurately and efficiently.

At its core, the settlement process involves the exchange of funds, securities, or assets between involved parties, marking the fulfillment of contractual obligations. However, its complexity can vary greatly depending on the nature of the transaction, whether it involves securities trading, real estate transfers, or other types of commercial dealings.

Throughout the settlement process, effective communication, meticulous attention to detail, and adherence to regulatory requirements are essential to mitigate risks and facilitate a seamless experience for all parties involved. By navigating each stage with care and diligence, participants can navigate complex transactions with confidence and achieve successful outcomes.

The settlement process offers a multitude of benefits to parties involved in financial transactions, facilitating smooth and efficient exchanges while mitigating risks and ensuring compliance.

The Settlement Process

Stroudsburg, PA

Corporate Office

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Coopersburg, PA

Corporate Office

Mon - Fri

Bethlehem, PA

Corporate Office

Mon - Fri

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