Mortgage Closing Support

From initial CD preparation to funding worksheet review, we provide the expertise and attention to detail needed for a smooth closing.

Expertise and Experience

Closing requires a deep understanding of the complex regulations and processes involved. A closing support team brings expertise and experience to the table, which can be invaluable in ensuring a successful closing.

Saves Time & Reduces Stress

Having a closing support team in place can help reduce stress and save time by handling tasks such as preparing documents, reviewing funding worksheets, and balancing the final CD. This frees up valuable time for lenders and other parties involved in the transaction.

Ensures Accuracy & Compliance

Our closing support team can ensure accuracy and compliance by carefully reviewing documents, verifying loan payoffs, and ensuring that all costs are properly allocated. This reduces the risk of errors, delays, or legal issues that could arise during or after the closing process.

Mortgage Closing Support Services

To ensure a smooth and successful closing, it is crucial to have a solid closing support team in place. This team should consist of professionals who can help you with tasks such as initial CD preparation, final CD balancing, closing package preparation, and funding worksheet review.

Initial CD Preparation

One of the first steps in closing a real estate transaction is preparing the initial CD or Closing Disclosure. This document outlines the terms and costs associated with the loan and real estate transaction. It is important to ensure that the CD accurately reflects the terms of the agreement and complies with applicable regulations.

To prepare the initial CD, you may need the assistance of a title company or attorney who can review the contract, order necessary reports, and calculate the costs associated with the transaction. A lender may also be involved in the process, especially if the transaction involves financing.

Final CD Balancing

After the initial CD is prepared and reviewed, it may be necessary to make adjustments or corrections to ensure that the final CD accurately reflects the terms of the agreement. This may involve verifying loan payoff amounts, reviewing prorated expenses, and ensuring that all closing costs are properly allocated.

A closing support team can help ensure that the final CD is balanced and accurate, reducing the risk of delays or complications during the closing process.

Funding Worksheet Review

Before a real estate transaction can be closed, it must be properly funded. This involves ensuring that all necessary funds are in place and that they are disbursed in accordance with the terms of the agreement.

A funding worksheet is typically used to track the distribution of funds during the closing process. A closing support team can review the funding worksheet to ensure that all necessary funds are accounted for and that they are disbursed properly.

Closing Package Preparation

In addition to the Closing Disclosure, there are several other documents that must be prepared and signed during the closing process. These documents may include a settlement statement, deed, and title transfer documents.

Preparing these documents can be time-consuming and require attention to detail. A closing support team can help ensure that all necessary documents are prepared and reviewed in a timely manner, reducing the risk of delays or errors.

Last but not the least Closing a real estate transaction can be a complex process involving many steps and parties. To ensure a successful closing, it is essential to have a reliable and experienced closing support team in place. Whether you need assistance with initial CD preparation, final CD balancing, closing package preparation, or funding worksheet review, a closing support team can help you navigate the process and ensure a smooth and stress-free closing experience.

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Loan Processing

Mortgage Loan Setup

Underwriting Support

Pre underwriting Support

Post Closing Support