What does a title company do?
When you purchase a home, a title company will research the property to ensure that you are the rightful owner. They'll look through records for anything that might cause problems-ownership disputes, restrictions, unpaid taxes, liens, and more. Their goal is to document the chain of title and identify any issues that could become major problems down the road.
In addition to title opinions and title insurance, title companies also handle escrow accounts and distribute money to the appropriate parties at closing. They'll also deliver closing documents to the appropriate agencies.