Title and Escrow Topics 4 credits Course #: 29766 Take this Course Course Content Expand All | Collapse All Lessons Status 1 Theory & Purpose Just Entitlement to Property Chain of Title Clouds on Title Protection Abstract of Title Abstract of Title Limitations Solution: Title Insurance 2 Unique Characteristics Protection from Past Damages Loss & Expense Ratios Loss & Expense Ratios Compared Premiums Comparison with PMI Historical Origins 3 Owner’s & Lender’s Policies Lender’s Policy Assignment of Mortgage Refinancing a Mortgage Owner’s Policy Marketing 4 Premium Cost Cost of Title Insurance Other Factors Overpriced? Property Value Kickbacks Kickback Violations Price Fixing Allegations Looking Out for the Client Choice of Policy Reissue Rate 5 At the Closing Grantor Grantee Taking Title Realtors Lender Title Agency Title Insurance Underwriter 6 Title Agency Office Administration Marketing Representative Processor Processor Duties Escrow Officer Escrow Officer Duties Examiner Examiner Duties Best Practices Licensing 7 Title Insurers Underwriting Losses & Expenses ALTA Market Share Controlling Expenses Financial Strength 8 Title Search The Basics Title Search Activities Where & How Online Public Records Plat Maps Timeline 9 Title Plants Explanation Operations Traditional Media Online Advantages Online Challenges Accountability 10 Commitment & Binder What is a Commitment? Conditions Examples of Conditions Exceptions What is a Binder? 11 Title Policy Acknowledgement Owner’s Coverage Statement Covered Risks Duty to Defend Exclusions 12 Utah Licensing Individuals Dual Licensing Renewals & CE Requirements Agency Licensing Agency Name Do Escrow 13 Utah Regulations Duty to Search and Disclose Responsibilities Assumed Closing Instructions Bulletin Escrow Rates Bulletin Underwriting Rules Inducements Unfair Methods 14 Utah Title Environment Seller’s Obligations Real Estate Purchase Contract Who Pays for Title Insurance? County Recorder’s Office County Recorder’s Duties Rates Miscellaneous Items 15 RESPA What is RESPA? Section 8 – Kickbacks Section 9 – Seller Required Section 10 – Escrow Limits Required Forms Loan Estimate Closing Disclosure
