A transaction's progress object can inform the viewer of where a given transaction is within its lifecycle from the time the order is received onto the order being completed.
Each progress object is made up of a series of Phases, which contain individual Tasks. When all of the given Tasks within a Phase are complete, the Phase is considered complete.
The order of Phases and Tasks are subject to change based on the the transaction's type or state.
Phases
Phase | Description |
|---|---|
Order Received | The order has been received by Blueprint Title. |
Information Gathering | We are in the process of requesting, reviewing, and processing all necessary title information to prepare for closing. |
Closing Preparation | We've received, reviewed, and processed all necessary title information to move your transaction towards closing. We are now preparing the remaining closing documents for review and will be reaching out to schedule closing appointments. |
Closing | All closing documents have been prepared and provided to the appropriate parties to review before signing. The signed documents will be uploaded shortly after the signing. |
Funding and Disbursement | Now that all documents have been executed, we are waiting to receive funds from the Lender/Buyer. Once we receive funds, they will be disbursed to all appropriate parties. |
Recording | Funds have been disbursed to all parties. We are now in the process of submitting all documents for recording. All recorded documents will be uploaded shortly after recording. |
Policies Issued | Funds have been disbursed and all documents have now been recorded. Title policies are being created and will be uploaded once prepared. |
Tasks
Task | Phase | Description | Order Type |
|---|---|---|---|
Title Search Requested | Information Gathering | A title search will be requested within 1 business day of receiving your order. | Refinance, Purchase, Loan |
Title Search Received | Information Gathering | We are waiting for the title search to be returned from the title search provider which is expected within 5 business days from the date requested. | Refinance, Purchase, Loan |
Title Commitment Prepared | Information Gathering | Once the title search package has been received, it will be reviewed and used to prepare a Preliminary Title Opinion or Title Commitment within 1 business day of receipt. | Refinance, Purchase, Loan |
Borrower Information Received | Information Gathering | We are waiting to receive the borrower information which we will need to complete the title clearing process. | Refinance |
Buyer Information Received | Information Gathering | We are waiting to receive the buyer information which we will need to complete the title clearing process. | Purchase, Loan |
Seller Information Received | Information Gathering | We are waiting to receive the seller information which we will need to complete the title clearing process. | Purchase, Loan |
Earnest Money Deposit Received | Information Gathering | The Earnest Money Deposit for this order has not yet been received from the buyer. | Purchase, Loan |
Survey Completed | Information Gathering | The survey has not yet been completed. | Refinance, Purchase, Loan |
HOA Resale Documents Received | Information Gathering | We are determining whether an HOA Resale Package will be required from the homeowner's association. | Purchase, Loan |
Mortgage Payoff Statement Received | Information Gathering | If a prior loan exists, the Mortgage Payoff Statement will be sent from the lender and uploaded to the "Documents" section below once received. | Refinance, Purchase, Loan |
Closing Protection Letter Uploaded | Information Gathering | After preparing the Closing Protection Letter, it will be available in the "Documents" section below. | Refinance, Loan |
Borrower Closing Scheduled | Closing Preparation | Once the transaction is Clear to Close, the borrower's closing appointment will be scheduled with the closing date displayed here. | Refinance |
Buyer Closing Scheduled | Closing Preparation | Once the transaction is Clear to Close, the buyer's closing appointment will be scheduled with the closing date displayed here. | Purchase, Loan |
Seller Closing Scheduled | Closing Preparation | Once the transaction is Clear to Close, the seller's closing appointment will be scheduled with the closing date displayed here. | Purchase, Loan |
Preliminary Statement Created | Closing Preparation | We are in the process of creating a Preliminary Settlement Statement containing all costs. | Refinance, Purchase, Loan |
Lender Closing Documents Provided | Closing Preparation | We are currently waiting on the lender to provide closing documents to us. | Refinance, Loan |
Unsigned Documents Prepared | Closing Preparation | We are preparing closing documents for the borrower to review prior to closing. | Refinance |
Buyer Unsigned Documents Prepared | Closing Preparation | We are preparing closing documents for the buyer to review prior to closing. | Purchase, Loan |
Seller Unsigned Documents Prepared | Closing Preparation | We are preparing closing documents for the seller to review prior to closing. | Purchase, Loan |
Signed Documents | Closing | Closing documents will be signed by the borrower at closing and uploaded to the "Documents" section below. | Refinance |
Buyer Signed Documents | Closing | Closing documents will be signed by the buyer at closing and uploaded to the "Documents" section below. | Purchase, Loan |
Seller Signed Documents | Closing | Closing documents will be signed by the seller at closing and uploaded to the "Documents" section below. | Purchase, Loan |
Borrower Closing Completed | Closing | Following the borrower's scheduled closing appointment, the closing will be complete. | Refinance |
Buyer Closing Completed | Closing | Following the buyer's scheduled closing appointment, the closing will be complete. | Purchase, Loan |
Seller Closing Completed | Closing | Following the seller's scheduled closing appointment, the closing will be complete. | Purchase, Loan |
Wire Received | Funding and Disbursement | Following authorization, we will confirm that funds have been received. | Refinance, Purchase, Loan |
Funds Disbursed | Funding and Disbursement | Blueprint will disburse funds as soon as all necessary requirements, including lender approval, have been received. Most refinances require a 3 day Recission Period between Closing and Disbursement. | Refinance, Purchase, Loan |
Final Settlement Statement Created | Funding and Disbursement | We will be creating the Final Settlement Statement and make it available for review in the "Documents" section below for all appropriate parties. | Refinance, Purchase, Loan |
Documents Recorded | Recording | We are working to submit all legal documents to the appropriate county for recording. | Refinance, Purchase, Loan |
Lender's Policy Issued | Policies Issued | The Lender’s Policy will be issued and uploaded to the “Documents” section below. | Refinance, Loan |
Owner's Policy Issued | Policies Issued | The Owner’s Policy will be issued and uploaded to the “Documents” section below. | Purchase, Loan |