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Virtual Escrow Processing
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On-line with Virtual Escrow
VIRTUAL ESCROW OPEN NEW ESCROW
Broker Side
Technology
Title Side
 
Broker opens escrow from information taken from the 1003, similar to a escrow takedown sheet

Escrow Instructions print in Brokers office, within minutes of opening

Demand Request Statements print in Brokers office within minutes and are available at any time for reordering if necessary

Broker orders demand statements, and knows the status at all times

System orders Title

Picks up the Order Number

System notifies Broker that Opening package is ready to print.

Next - Approval Time

Assigns Title Order Number

Receives copy of Prelim and reviews

Enters Legal Vesting into system

Enters Legal Description into system