General Contact Us

Please use this form for general inquiries only. You may also reach us by phone at 616-459-2400 or by fax at 616-459-0637. To contact Transnation about products or services, please select a specific location to contact from the locations page.

 
           

123 Street Avenue, City Town, 99999

(123) 555-6789

email@address.com

 

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Construction Draw Request

We assist builder and lenders with obtaining draw requests for construction loans. 

Construction Services

Issuing and Insuring construction loans in Michigan presents a number of challenges to lenders and title insurance companies. Michigan law allows for lien claimants to have priority over loan funds disbursed subsequent to the recorded mortgage. Said funds are usually disbursed over several draws and months.

 

Transnation Title Agency will undertake several steps to protect lenders.

1) Updating title at the Register of Deeds to ensure that liens have not been filed against the insured property.
2) Reviewing sworn statement(s) from the builder to determine the parties who have provided labor and/or product.
3) Examining Waiver of Liens to ensure that potential claimants have been paid.
4) Review Notice of Commencement and Notice of Furnishing(s).
5) Review Indemnity Agreements(if required).

 

Please contact your local Transnation Title Agency office for further information or assistance. We will make every effort to process draw requests in a timely manner.

 

We are pleased to provide you with a New Construction Form Package that includes the following:

Notice of Commencement
Notice of Furnishing
Indemnity Agreement
Sworn Statement
Waivers of lien:
      Full Unconditional
      Partial Unconditional
      Full Conditional
      Partial Unconditional

 

Click Here to download our Construction Draw Form

Click Here to submit a completed Construction Draw Form


Underwriters

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