Purpose:

Title Company of America, Inc., (TCA) was formed to provide direct service to mortgage brokers and bankers. Our staff is committed to doing everything necessary to make a real estate closing a positive experience for everyone involved, especially for the borrower. They are experienced, well trained, well paid and fully supported by the TCA management.

Performance:

It is the legal responsibility of any title company to represent the interest of the lender in a real estate transaction. Part of this responsibility includes following all consumer-protection procedures. Lenders exist in partnership with brokers and bankers, and protecting this relationship is also in the lender’s interest. TCA keeps this four-way partnership (broker, lender, title co., and borrower) paramount during the process.

Orders:

TCA conducts full title searches on all orders. Experience has shown that short cut methods yield too many surprises to be profitable for anyone in the long run. In most cases, a title commitment is returned to the broker 72 hours after the order is received. Our binders include a list of closing requirements so loan officers and processors know exactly what needs to be done before the loan can close.
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Closing:

TCA offers a closing facility in Oakbrook Terrace that can accommodate two purchases and one refinance at a time. We will also close in a lawyer, broker or banker’s office, or in a borrower’s home.Unlike our competitors, TCA knows that brokers regularly work until 9:00 p.m. during the week, and often must go to borrower’s homes. So do we, and for no additional charge. EXCEPTION: Friday after 4:00 and Saturday closings are extra. At the end of each closing, the TCA closer will contact the broker (or loan officer) before the borrower leaves the table. This allows the broker to reinforce their expertise and the benefits of the transaction and to solicit referrals

Funding:

If Title Company of America, Inc., causes a delay in funding, we will reimburse the borrower $100.00 for the inconvenience, plus actual costs incurred.

Insurance:

• Unless prohibited by the lender, TCA issues short-form lender title insurance policies within two business days of disbursement.
• Where electronic recordation is available, TCA issues owner’s title insurance policies within two business days of disbursement.
• Where electronic recordation IS NOT AVAILABLE, or where short-form policies are prohibited, TCA submits all documents to be recorded via overnight mail and issues policies within two business days of recorder’s confirmation of recordation.

Clearance:

TCA can assist with title clearance, including tax issues, hold-harmless letters, and the like. There are additional fees for title clearance tasks.