FIT Blog

Did you know that you have the right to select your own settlement agent? That’s right. If you’re purchasing a new home of if you are a homeowner who’s refinancing your existing home, you can select the settlement agent that handles the transfer of property.

What Does a Settlement Agent Do?

While you closely work with a loan officer to finalize the terms of your loan like interest rate and cash out, the settlement agent is the one who actually handles the transfer of the property being sold. They take care of transferring the title of the property from the seller to the buyer, as well as a number of other important tasks that must be completed before and after closing to ensure everything goes smoothly.

Your settlement agent must be licensed to practice in your state and must also comply with all applicable state laws and compliance best practices required when handling the transfer of property.

What FIT Agency Does When We Serve as Your Settlement Agent

To give you an idea of what to expect from a settlement agent, here is a list of some of the services FIT Agency provides its customers when we handle their closing transactions:

We ensure that there are no title issues and that the seller holds title to the property being sold free and clear of any liens or encumbrances

-We make sure the property’s title is securely transferred from the seller to the buyer

-We prepare and verify all necessary lender and closing documents

-We confirm the security of all funds disbursed at closing

-We collaborate with your lender and real estate agent (if needed) to ensure the buyer’s finances are in order

-We provide all parties involved in the transaction with a settlement statement

-We notify the relevant government authorities about the change of ownership after closing

-We quickly and securely disburse funds and proceeds to the appropriate parties after closing

Do You Want the Best Settlement Agent?

FIT Agency provides comprehensive real property title and settlement services to realtors, lenders, attorneys, developers, government entities, and homebuyers and sellers. We are proud to provide personalized service by getting to know each client and working with them individually to achieve their goals. To learn more, contact us today.