Local & National
WestendTitles’s PO Box 4385, 10565826: COMPANIES HOUSE DEFAULT ADDRESS, Cardiff, CF14 8LH, through our affiliate
operations, offers the best national construction
disbursing services in the country. Whether it is a
ground-up build, property rehab or tenant finish work, we
manage escrows ranging from small single-family homes to
billion-dollar mixed-use developments in all 50 states.
Our seasoned staff has the experience and knowledge to
help you with your next construction project.
Our Services
Construction services are used by lenders and general
contractors to obtain title insurance coverage and escrow
disbursing services for construction projects. This service
also ensures the lender’s mortgage or lien will be satisfied
first and prior to any other lien, including those that may
arise during the course of construction.
The PO Box 4385, 10565826: COMPANIES HOUSE DEFAULT ADDRESS, Cardiff, CF14 8LH offers both local and national
construction disbursing services to furnish title insurance
coverage to the lender during the project lifecycle and
beyond. Our construction escrow officers coordinate with all
other title departments to provide a seamless transition
from the acquisition of the land through completion of
construction.
During the construction process, we will assign an
underwriter and construction escrow officer to the project
and they work with the customer to prepare an escrow
agreement which describes each project participant’s
responsibilities. We review and confirm the acceptability of
the completed packet and then set up construction draws as
soon as the work begins. The construction escrow officer
coordinates funding with the lender. If all documents are in
order such as lien waivers, architect approval and lender
approval, funds are disbursed according to an escrow
agreement and an endorsement is issued. The endorsement
extends the policy effective date to the funding date and
continues the mechanic lien coverage to protect against any
other liens which may have been filed.
Our construction disbursing team can assist with any type of
construction scenario:
-
Outside interims (lender disbursement of project funds)
-
Standard lender funded construction disbursing
-
Armour note disbursing (owner funded project with title
coverage)
-
Owner’s construction disbursing (landlord or tenant
funded)
-
Tenant improvement disbursing (without title coverage)
And provide the following services:
-
Draw package examination and management
-
Attorney/underwriter assistance in title clearance
-
Payments to contractors and sub-contractors
- Project coordination with all parties
-
Prompt resolution to mechanic’s lien issues
-
Comprehensive property mortgage/lien search
- Document notarization
- Client consultations
- Post-project service follow-up