Title insurance provides homebuyers and mortgage lenders protection against defects from particular title matters including forgery, fraud, and recording errors. An Owner’s Title Insurance Policy protects the homebuyer and is based on the purchase price of the home. A Lender’s Title Insurance Policy protects the mortgage lender and is based on the final loan amount.
Noble Title acts as an independent third party hired to be the custodian of funds and documents between the seller, homeowner, and mortgage lender. The duties of the escrow holder include; following the instructions given by the principals to the transaction; handling funds and documents; ordering demands and making payments; closing escrow once instructed by all principals.