• iTitle issues title insurance, which guarantees that the title is free of encumbrances.
• The buyer must purchase enough title insurance to protect the lender against any loss due to an encumbrance on the title. Although the buyer may also purchase title insurance for themselves, most buyers provide only the required insurance for their lenders.

• Often, closing day finalizes two separate transactions: the home purchase and the buyer's mortgage loan. Each transaction has many documents associated with it, such as the deed, the mortgage and promissory note, insurance policies and disclosures.
• iTitle will prepare each document and obtain the required signatures.

• Property tax and homeowner's and title insurance are among the fees buyers prepay at closing.
• iTItle collects these fees and deposits them in a special escrow account for disbursement to the proper companies and taxing authorities.

A lot of money changes hands during a real estate closing.

• The buyer pays a down payment, insurance premiums and property tax in addition to loan-related fees.
• The buyer's lender pays the seller the amount due after the buyer's down payment.
• The seller repays the balance on his own mortgage in addition to any property tax he owes and his broker's commission.
• The seller’s broker typically pays part of that commission to the buyer's broker.
• iTitle and any attorneys who worked on the sale must be paid, too.
• iTitle figures out who gets what from whom, records it on a HUD-1 statement, prepares the checks and disburses the funds.

After the closing ends, iTitle records the deed and mortgage in the county where the property is located.

Recording makes the deed and mortgage part of the public record that serves as evidence of the property's ownership.