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 Document Preparation | We have received, reviewed, and processed all necessary title information to move the order towards closing, and is now preparing the remaining closing documents for your review. |
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 |
Preliminary Statement Created | Closing Document Preparation | We are in the process of creating a Preliminary Settlement Statement containing all costs. | Refinance, Purchase, Loan |
Lender Closing Documents Provided | Closing Document Preparation | We are currently waiting on the lender to provide closing documents to us. | Refinance, Loan |
Unsigned Documents Prepared | Closing Document Preparation | We are preparing closing documents for the borrower to review prior to closing. | Refinance |
Buyer Unsigned Documents Prepared | Closing Document Preparation | We are preparing closing documents for the buyer to review prior to closing. | Purchase, Loan |
Seller Unsigned Documents Prepared | Closing Document 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 |
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 |