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Order
Processing – Title orders are placed within our national
network of First American title offices, agents, and approved attorneys
and confirmed with you within 24 hours of order receipt. Relocation
Advantage tracks the order for timely delivery of the commitment.
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Title Clearance
- Relocation Advantage reviews the title commitment for potential
title defects. Our Title Report Summary gives you a snapshot of the
status of the title. Relocation Advantage works to cure any issues
prior to closing. |
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Document Preparation
– State-specific documents are prepared for the transferring
employee to legally transfer the title of their property. Relocation
Advantage reviews the executed documents to ensure recordability.
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Two Deed Process/Corporate
Deed Preparation – Relocation Advantage prepares state-specific
documents for the entity that takes title from the transferee and
ultimately passes title to the new buyer. |
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Nominee Services
– Relocation Advantage creates a separate company to take title
for each customer and registers each nominee company in the states
the customer does business. |
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Equity Calculations
– Relocation Advantage calculates the transferring employee’s
equity by prorating updated tax, mortgage, and HOA information. A
Seller’s Equity Statement is prepared and a 1099S is filed,
when applicable. |
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Vacant Home Insurance
Administration – Relocation Advantage prepares the certificate
of insurance notifying the vacant home insurance underwriter that
the property is now vacant and coverage should begin. At resale closing,
Relocation Advantage calculates and collects the premium due. |
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Resale Closing Coordination
– Once a buyer is secured for the property, Relocation Advantage
works with the local closing office to prepare and approve final closing
figures on the HUD-1 Settlement Statement. Relocation Advantage ensures
that our customer receives the proceeds and all closing documentation
within 24 hours after disbursement. |
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Final Property Reconciliation
– Relocation Advantage prepares a final property report for
your corporate client by detailing all expenses and credits incurred
during the real estate transaction. |
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Destination Title
& Closing Services – Relocation Advantage acts as
a liaison between our customer, the transferring employee, the selling
Realtor, and the transferee’s new lender to ensure fees charged
on the HUD-1 Settlement Statement are customary and accurately reflect
the Purchase Agreement, Good Faith Estimate, and lender closing instructions.
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On-site Services
– Relocation Advantage provides outsourced title & closing
services. We’ll create a team to work within your office, coordinating
and conforming to your accounting processes and corporate culture. |
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National Lender
Order Processing – Corporate relocation title orders
are placed within our national network of First American title offices,
agents, and approved attorneys and confirmed with you within 24 hours
of order receipt. Relocation Advantage tracks the order for timely
delivery of the commitment. After the full-table closing, Relocation
Advantage monitors the delivery of the recorded documents and final
lender’s policy. |
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Second Lien Subordination
Service - Relocation Advantage works directly with the borrower
and their new lender to secure a Subordination Agreement from the
borrower’s second lien holder. Requirements to subordinate the
borrower’s loan are obtained from the second lien holder and
monitored until received. The executed Subordination Agreement is
forwarded to the local closing office to be recorded and the recorded
agreement is forwarded to our customer. |
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To
learn more about our suite of products and services,
please call 866-832-5408 or e-mail us: relo.sales@firstam.com
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