Bringing you to the closing table.

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Serving you in South College Station!

Come visit us at our office on William D. Fitch Parkway. We are proud to provide our same great service in two locations:

University Title Company
750 William D. Fitch Pkwy, Suite 140
College Station, TX 77845

Why choose University Title?

University Title Company exists to provide exceptional service to clients purchasing, selling or refinancing real estate in Texas. Whether it’s a complicated commercial transaction or a simple lot sale, University Title provides accurate, timely details about the real estate, coordinates the closing, funds the file, records legal documents and issues title policies.

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Seven Steps of the Closing Process

Have you found the house of your dreams? Is the contract signed? Are you ready to close? Getting to the closing table might seem like a daunting task, but University Title is here to help you every step of the way:

Step 1
Provide the contract and earnest money to UTitle.

Contracts and earnest money may be delivered to the UTC office, mailed, emailed, faxed or even phoned in. Upon the customer request, earnest money of at least $10,000 may be deposited into an interest bearing account. The contract provides direction for Title Production and instruction for Closing Services.

Within three to five business days of the contract and earnest money receipt…

Step 2
UTitle issues a title commitment.

This document is UTitle’s “commitment” to eventually issue a policy on the property. The title commitment is composed of Schedules A, B, C and D.

Schedule A informs the reader of who the proposed buyer is as well as who is in title. It also lists the coverage amounts for the eventual Owner’s Title Policy (the sales price) and Lender’s Title Policy (the loan amount).

Schedule B describes aspects of the property that will not change. Any easements, leases, mineral reservations, plat restrictions and maintenance charges are listed on Schedule B.

Schedule C items must be cleared before closing can take place.

Schedule D is a disclosure for the title company and its underwriter. Both companies’ officers are provided, and the proposed premium is listed along with the split between the title company and the underwriter.

Step 3
All pre-closing items are provided to UTitle.

Each transaction has specific requirements. Usually, an inspection of the physical property is conducted to notify the buyers and sellers of features of the home which need attention before closing. A pest inspection is another common service performed. Both of these items and the invoices that accompany them are provided to the Closing Teams at UTitle. Additionally, surveys, the buyer’s home owners insurance information, the seller’s mortgage pay-off information and any additional invoices or information pertinent to the transaction are collected so that…

Step 4
Settlement Statement provided to all transaction participants.

University Title Company prefers to receive the lender’s closing instructions by 3:00 p.m. CST the day before closing. With these instructions, the contract, invoices and documents provided to UTitle, the settlement statement is completed. Before distribution to all parties, the lender must approve the settlement statement. It is then provided to the REALTORS®, mortgage brokers, attorneys, builders and anyone else participating in the closing.

Step 5
The Closing.

All participants to the transaction will meet their Escrow Officer at University Title Company on the day and time scheduled prior to closing. UTitle has six beautiful and professional closing rooms to accommodate its clients. Closings are usually scheduled on the hour between the hours of 9:00 a.m. and 4:00 p.m. CST, but alternative plans may be made by simply notifying the UTitle staff. An hour is allotted for each closing. Closing documents may be provided before the closing to the transaction participants when requested. If buyers or sellers are unable to attend closing, the closing package may be emailed or mailed out via Federal Express, or a specific Power of Attorney authorized by University Title Company and the buyer’s lender may be used. Immediately following closing, the closing teams will provide the lender with whatever is necessary to facilitate…

Step 6
The Funding.

The funding process may take hours or days, depending on the lender. When funding is complete and all moneys are received by UTitle, all invoices are paid, the seller’s mortgage pay-off is made, documents are recorded at the Brazos County Courthouse, and possession occurs. Funds may be mailed, delivered locally or wired to the customer’s account, based on instructions provided to the closer at closing.

Step 7
The Policy.

Within 90 days of funding, the title policies are issued and mailed with the recorded documents. The Owner’s Title Policy is mailed with the Warranty Deed to the buyers, and the Lender’s Title Policy is mailed with the Deed of Trust to the lender.

Recent Blog Posts

February Closing Tip: Please include your buyers’ phone numbers on your contracts.

February’s Closing Tip is to please include your buyers’ phone numbers on your contracts.  UTitle has taken the initiative of calling your buyers just as soon as title is opened. These calls provide your clients with crucial data, including their closing location and their team assignment. This call is also our opportunity to educate your client of the wire fraud occurring… CONTINUE READING

January Closing Tip: UTitle implements a new procedure to inform and protect your clients!

January’s Closing Tip: UTitle implements a new procedure to inform and protect your clients. University Title is personally calling your buyers to prepare them for closing and answer any concerns they may have on the process. In addition to sharing their closing location and team assignment, we are taking the opportunity to caution your clients of the… CONTINUE READING

December Closing Tip: Fraud Alert! Spoofing is on the rise and targeting your buyers.

December’s Closing Tip is a Fraud Alert! Spoofing is on the rise and targeting your buyers. Hackers will email fraudulent wiring instructions attempting to get your clients’ money.  They gain information about a transaction through SPOOFED email addresses, SPOOFED web links, SPOOFED fax machines and SPOOFED Caller ID, using technology to impersonate a legitimate party. Using encrypted email is… CONTINUE READING

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