The Statement of Information is used to aid the title company in performing which task?

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The main concept is that the Statement of Information provides identifying details to the title company so it can locate the correct people in public records and perform an accurate title search. By listing names, dates of birth, current addresses, and sometimes Social Security numbers or tax IDs for the buyer and seller, the title company can distinguish them from others with similar names and locate all related records. This helps uncover liens, judgments, and other encumbrances tied to the parties that could affect the chain of title, ensuring the title is marketable before closing. It isn’t used to pull a credit score, calculate the seller’s profit, or estimate closing costs.