As a full-service Mortgage Broker and Banker, Providential possesses relationships with dozens of Title Insurance Companies that will coordinate a real estate transaction closing at a time and place that is convenient for you.

The closing activity requires that Providential draft all closing documents such as the Deed for Title and Mortgage Note so they accurately reflect the loan terms and ownership interest in the subject property. Providential also ensures all interested parties can be at the closing location at the same time to execute all required documents. These interested parties may include attorneys for the buyer and seller, your Providential Loan Officer, the Escrow Agent, the sellers, and possibly others.

Once the transaction is complete, the Title Insurance Company will provide you with the Owner’s Title Insurance Policy insuring that you have clear title to the property subject to the mortgage(s) you have just received. They will also ensure all proper documentation is recorded at the county courthouse so it becomes a matter of public record whom possesses an interest in your property.

Providential Bancorp may possess a financial interest in one or more Title Insurance companies, and if the one you rely on is a related party to Providential, we will require that you sign a disclosure acknowledging that we offered you the choice of choosing any available, reputable title company for the subject transaction.