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What is a Title Company's function.

They sell Title Insurance Policies, close the sale and record the transaction.

The request is made to a title company to research or abstract the title to a specific piece of property.
They check for liens against the property that may have been filed against the property.
They check for housing code violations against the property that either need to be cleared up, or in the case of foreclosed property.
They may take the necessary steps to clear title issues.
After the closing they disburse all funds and record the deed and deed of trust if applicable. They also take steps necessary to release existing liens on the property so that the new owner will not have a problem in the future.
Upon receipt of the deed after recording a title insurance policy is issued. The policy replaces the commitment that was issued at the closing