AGENTS

You’ve come to the right place! We have been in your shoes and we know how difficult it can be to chase down an unresponsive title and escrow company. Using the wrong title company can leave you feeling exhausted, frustrated, and looked upon badly by your clients!
No thank you!

We’re glad you’re here. We LOVE communication! In fact, we help our Agents keep their clients up-to-date on the escrow process every single week. No more unanswered emails or calls. Side-by-side we stand in support of your efforts!

WE’RE THE TITLE AND ESCROW COMPANY THAT WORK FOR YOU!

We are your title and escrow partners. We’ve got your back!

Your life as a real estate agent is a busy one – always on the go. There are so many threads to follow, people to call, schedules to make, and checking in on an escrow’s progress. The last is where all your hard work is rewarded, but it is also a tough waiting game.

“How much longer will it take?” a client asks, “Can you check? I have not heard back yet.” So, you send an email, make a call, and the waiting continues.

Does this sound familiar to you? If it does, you need a new title and escrow company. Our team is responsive to your requests, and we make sure to communicate every step of the way. We also go the extra mile for our agents. We send you a weekly progress report that tells you the tasks that have been completed, and where we are in the process. This progress brief is sent by email that you can then forward to your clients. Not only are you informed, but they see that you are still engaged and know that you and your title and escrow company cares about them every step of the way.

Give us a call. We would love to introduce you to the stress-free world of Momentum Title and Escrow Agency.

IN THE KNOW

We believe that the foundation for superior customer service is communication. When you trust in us for your home purchase, it is our pleasure to keep you updated on the state of your transaction. We find that sharing the process with our clients allows them to gain a greater knowledge and confidence, which affords them greater joy in the purchase process of their new home.

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Momentum Title Agency
2730 S. Val Vista Dr.
Building 7 South – Suite 137
Gilbert, AZ 85295
Phone: 602-704-4144
Fax: 602-805-9942
Web: Momentum Title Agency

THE ESCROW PROCESS

The escrow file is opened and title report is ordered. In the title report request, we include:

  • Escrow Number
  • Name of Buyer
  • Name of Seller
  • The Property Address

This purchase agreement is a formal document that is dictated by the State of Arizona, more formally known as the ” Arizona Real Estate Purchase Agreement.“

This agreement comes to us completed in which all parties have signed. It also includes information such as:

  • The Purchase Price
  • Earnest Money
  • Down Payment Amount
  • Any Loan Involvement

Any formal agreements also are listed in this document. For example:

  • Lists who pays for:
    • Home Warranty
    • Appraisal Fees
    • Escrow Fee (usually paid equally between both parties)
    • Owner Title Insurance Policy (commonly paid by the Seller)
    • Lender Insurance Policy (commonly paid by the Buyer)
    • Any Endorsement  required by the Lender (Paid by the buyer)
    • Recording Fees (Normally split by both Buyer and Seller)

We contact the buyer for earnest money. We record the earnest monies received and send confirmation to all parties.

Performing a Title Search is reaching back the entire history of the property. Search items include:

  • Outstanding Mortgages
  • Other Existing Liens
  • Unpaid Homeowners Association Dues
  • Judgements Or Unpaid Tax Liens
  • Restrictions
  • Easements
  • Leases

After receipt of the earnest money, the “Title Commitment” is completed in-house. This process is a complete background research on the entire property history. 

The Title Commitment includes:

  • The Owner of the Property
  • Current Lender
  • Loan amount
  • Buyer’s Name
  • Purchase Price
  • Buyer’s Loan Amount

The Second page includes information such as:

  • Loan information
  • HOA (if applicable)
  • Any liens or judgements

The rest of the Title Commitment document covers standard requirements.

Our team prepares the final estimated closing disclosure, which is then sent to each Real Estate Agent for validation/confirmation.

This closing discloser is a list of of all charges and credits of the sale.

Once confirmation is received, a time is scheduled to review buyers final documents with the buyers and sellers.  We spend time with each party separately, and go over all the detailed information, and explain the documents where needed. The documents are signed.

After the final signatures, we receive loan funds from the buyer or the buyer’s lender. We also receive any funds due from the seller as well according to the closing documents.

The escrow company has one final step in the process, and that is a final confirmation from all parties involved to submit in record to the county recorder. Only after all parties confirm is the sale recorded.

Once all steps have been fully completed, the disbursement of all funds are made, and the Real Estate Agent is allowed to provide the keys to the buyer. A final closing receipt is sent to lender.