EaglePointe 411

3315 Mayflower Way #3
Lehi, UT 84043

Step 1: The Request
The process starts with your order to get a preliminary report. Our title officer will provide this promptly with a relatively minimal amount of information, without identifying a buyer or the terms of the sale. The report will show the title as it stands and represents an offer from us to provide insurance.
Step 2: The Search
EaglePointe's title officer performs three searches: Property, Name, and Tax searches. From that, a preliminary report is created. Our staff then begins the process of obtaining hard copies of recorded documents. Imaging helps to expedite searches with the ability to obtain documents on-line.
Step 3: The Review
Once the report is issued the review begins with a technical analysis of the documents of record to find any recorded matters that may have an impact on the title to the property. Our examiner looks for anything that might prevent the buyer from using the property for its intended purpose.
Step 4:Re-Insurance
The title insurer will insure up to the total sale price or loan amount, and then employs another title insurance company to insure them. The premium paid to the re-insurance title company is deducted from the title fees; it is not an additional charge to the parties. Re-insurance is handled by the Title Department when requested by the proposed insured or is required based upon self-imposed or statutory title insurance limits.
Step 5:Co-Insurance
The proposed insured may only allow the title insurance company to insure up to a certain amount (i.e. not the total sale price or loan amount). The insuring company must employ another title insurance company to insure the remainder of the sale price or loan amount. When there is co-insurance, the customer is charged based upon each company’s filed rates for the portion of the total liability covered by that company. The co-insurance company may be chosen by the customer.
Step 6:The Closing
When you close, everything will be ready for you. We know that closings include an element of stress. Our job is to have prepared you through all of these steps so that there are no surprises for you at closing.
Documents in the Title Process