In most states an escrow has to be opened with a Title company that ensures the loan. The preliminary Title report shows who owns the title to the property and how the Title is vested. Your lender will take care of all the things related to escrow and title. If you have a common name or there are liens showing up against your name, the Title company will require you to fill out a statement of identity. Again, your lender will advice you if that is needed.