The Anatomy Of A Closing

Title Commitment
Every loan requires title insurance. Title insurance is required by every lender to protect the lender in the event that a dispute should arise about the title (ownership) to the property or encumbrances (liens, etc.) thereon (For more information about the title insurance including lender's coverage and owner's coverage, please select the Title Insurance menu option to the left). Cherry Tree Title Company is an agent of Talon Group Title Insurance Company. We are authorized to commit to your lender that Talon will insure your loan with title insurance. The document used to achieve this objective is called a Title Commitment. Once we have completed your title exam and resolved any title defects, we will write a title insurance commitment for your loan.

"Closing Package and HUD1 Settlement Statement"...