Our trained loan processors take the lead in the mortgage closing services stage. After working with our mortgage underwriters, loan officers, and third-party vendors to obtain documents and clear any final conditions, they move forward in finalizing the loan file and providing a compliance review report.
Preparing to Close
To complete these tasks, our mortgage closing support team performs tax, insurance, and reserve audits through evaluations that indicate output standards and quality. Upon verification, we finalize the fee sheet and obtain approval from the lender.
Our loan processor obtains the closing protection letter and wiring instructions, which clarify terms of protection and clearly indicate the process for wiring the appropriate funds. All necessary legal documents and closing instructions are delivered to all parties, providing the next steps and what’s required to close the transaction.
Finalizing Loan Closure
Our resources allow us to establish HUD-1 figures and verify figures to close. We identify potential issues and make the necessary adjustments to meet regulations, addressing concerns swiftly and altering documentation accordingly. These mortgage closing support services are performed in adherence with requirements of the local, state, and federal government.