Title Fees/Closing Costs
Title Companies are very regulated and this goes double for the fees that can be charged.
The first and most expensive fee is the Title Insurance Fee.
This fee is created by the Title Underwriters and filed with
the state. This fee cannot be negotiated or changed
however it can be discounted in some circumstances.
Next are Endorsements, they are also filed with the state by the Title Underwriters. These are additional coverage's to the lenders policy that lenders may
require. The standard 3 endorsements issued with a normal home loan
are the 8.1, 9 (100) & 22 (116) and they cost $60.00 total.
Next are Escrow Fees. These are the local Title Companies fees
and they are filed by them with the state.
You can or the filed rates of all Utah
Title Companies. If you are charged more then their filed
rates you should ask the Title Company why.
These Fees consist of:
Finally the remaining fees are the hard costs.
These are third party fees and consist of
Wire Transfer Fees
These fees go to the companies or counties
that perform these actions. The Title
Companies are not allowed to inflate or
pad these fees.
Most companies use Simplifile to
electronically record documents.
Simplifile charges $5.00 per document.
to see the actual recording fees charged by the
Utah County Recorder.
Enter the Sales Price and/or Loan Amount & check the two questions. Then submit and click the "Purchase Fees" or "Refinance Fees" buttons below. (click "submit another response" to refresh the questions)