During real estate sales transactions, a title assistant assists title companies with administrative tasks. Although the job is primarily clerical, it does necessitate specific knowledge of escrow procedures, title searches, tax liens, and real estate closings. An assistant in this field works closely with a licensed professional and is responsible for interacting with buyers, sellers, and lenders in order to prepare paperwork for the closing.
A title insurance company is responsible for insuring the title to residential property that is for sale. This firm investigates the status of the property’s title to ensure that there is a verifiable chain of title that leads to the person selling it. To find ownership issues, a title company searches a variety of places, including title records on file with a recorder of deeds and local and national tax assessment records. The company will issue title insurance that certifies their research if they can verify that there are no claims against the property that will affect the buyer’s ownership interest.
Title companies are self-contained businesses that work with all parties involved in a real estate transaction. In many transactions involving a mortgage from a financial institution, the lender will not approve the loan unless the property’s title is insured a title company. This is frequently a requirement for the transaction to close and can be a significant part of the escrow process. The title company’s employees are in charge of working with buyers, sellers, and lenders, and they must complete their tasks in a timely manner so that the closing can take place according to the sales contract’s schedule.
Many of the administrative tasks associated with issuing a title insurance policy are handled a title assistant, which is hired licensed title insurers. The title assistant is usually in charge of the clerical tasks associated with each client, such as keeping track of the file, sending out correspondence, and scheduling meetings. As an assistant, you may be assigned any task that the senior professionals deem necessary.
A title assistant will often be required to complete work that requires specific knowledge of the title insurance process in addition to clerical duties. This may entail looking through records at the recorder of deeds’ office or the tax assessor’s office. It may also entail preparing specialized paperwork, such as assignments and releases, in order to release claims. A title assistant must also be familiar with the types of instruments used in real estate sales, such as deeds, survey maps, and transfer documents, in order to do their job properly.