State Guides
What brokers and loan officers should know about closings and property rules in Oklahoma, and how Hancock Processing works your files there.
Oklahoma is a title state. Title and escrow companies typically handle the closing, and an attorney is not required at the closing itself. Attorneys still play a part behind the scenes: state law doesn't allow a title insurance commitment or policy to be issued until an Oklahoma-licensed attorney has examined the abstract of title.
No. Oklahoma is not a community property state, and state law has abolished dower and curtesy. Oklahoma's constitution and statutes protect the family homestead: a mortgage on a married owner's homestead is not valid unless both spouses sign it.
Yes. Unless the power of attorney restricts it, an attorney-in-fact can sign a mortgage on the homestead for either spouse or both, but for that signing to be valid, the power of attorney must be recorded with the county clerk in the county where the property is located.
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Oklahoma
All of them. We process every loan type we offer in Oklahoma, including conventional, FHA, VA, USDA, jumbo, Non-QM and DSCR loans, from metro Oklahoma City and Tulsa to Norman, Edmond and Stillwater.
Yes. We process loans statewide in Oklahoma and coordinate with the title company handling each closing.
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