Is Missouri a Title State or an Attorney State?
Missouri is a title state. Title and escrow companies typically handle the closing and hold the funds, and attorney involvement is not legally required for a residential closing.
State Guides
Missouri loan processing.
What brokers and loan officers should know about closings and property rules in Missouri, and how Hancock Processing works your files there.
Is Missouri a Community Property State for Mortgages?
No. Missouri is not a community property state, and dower and curtesy were abolished in 1955. Missouri law also says one spouse alone can't mortgage the family homestead.
What Is Missouri's Good Funds Rule for Closings?
A Missouri settlement agent who accepts more than $2,500 to close a real estate transaction must receive it as certified funds, such as a wire, cashier's check or certified check, unless the check comes from an exempt source like a financial institution. Title companies also can't disburse from escrow against a deposit unless it was certified funds, an exempt check, or deposited at least ten days earlier, so a borrower's funds to close should arrive as a wire or cashier's check.
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Missouri
Hancock Processing services in Missouri
What Loan Types Does Hancock Processing Handle in Missouri?
All of them. We process every loan type we offer in Missouri, including conventional, FHA, VA, USDA, jumbo, Non-QM and DSCR loans, from Kansas City and St. Louis to Springfield and Columbia.
Can Hancock Processing work files anywhere in Missouri, not just Kansas City or St. Louis?
Yes. We process loans statewide in Missouri and coordinate with the title company handling each closing.
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