Item 23 - Real Estate Title and Escrow Services

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Wideii y National Title' NATIONAL COMMERCIAL SERVICES City of Santa Ana — RFP NO.20-123 Scope of Services and Schedule he lead title officer will work closely with our searching and examining team to produce # ie requested tithe reports or title research requested. The senior sales xecutivelaccouiht manager will insure all of your title, escrow requirements or property i iformation research is directed to the correct technical team. INITIAL REQUEST FOR TITLE PRODUCT. A title insurance order is opened with a title nit which produces the initial response. A Preliminary Report/Title Commitment can be issued with a minimum of information without even identifying the buyer or the terms of t e sale (if applicable). Please copy the account manager in all requests. ON -SITE SEAROHING AND EXAMINING. Your title unit performs three initial searches; Property, Name,, and Tax. From that information, a report is created. Our on -site customer service center expedites the process of obtaining hard copies of recorded documents. Fidelity's substantial investments in imaging technology help to expedite searches by performing these time-consuming tasks on-line. ECHNICAL REVIEW. The skill and expertise of our Title Officer is the key to providing ou with a useful, accurate title report. Following issuance of the initial report, the title fficer makes their technical analysis of the documents of record. An interpretive view of 11 recorded matters is then made to evaluate their impact on the title to the subject roperty. I SPECTION ANALYSIS. In anticipation of ALTA coverage (if requested), a site inspection is ordered. From the inspection report, the initial title product is supplemented t show any encroachments or other discoverable off -record matters which would Itimately impact title. Following is a summary of the services that Fidelity will provide: • Issue updates to existing preliminary title reports provided to Fidelity that were issued by other title companies • Issues new preliminary title reports when requested • Provide copies of all underlying documents for all preliminary title reports i.e. vesting deeds, parcel map/tract maps, FEMA flood designations, exceptions and exclusion documents. The title report will be hyperlinked. • Issue condemnation litigation or continuation guarantees • Issue- chain of title reports • Assist with development of legal descriptions • Assist in resolving marketable title issues i.e. record corrective instruments, etc. • Issue Pro Forma Title Policies • Issue either standard or extended -coverage owner's policies • Issue requested endorsements • Aggregate title insurance policy will be provided via a Tie -In Endorsement and will be provided as necessary. Assist in determining liability amounts for policies of title insurance • Work with Client in eliminating exceptions requested by the Client