V. Coordinating Settlement.

Congratulations, your loan has been approved. All that’s left to do is make sure that you go to settlement on time. This is where our closer comes into play.

Even after you have been approved there may be conditions to be satisfied prior to closing. You should be sure that you have these conditions to us at least five business days before scheduled settlement.

Not less than two weeks before your scheduled settlement date, our closer will contact the settlement agent you have selected to check on the progress of their work for you. The closer and the settlement agent will exchange information about the respective documentary requirements to ensure smooth settlement on the day and time you select.

Within a week of your scheduled settlement, our closer will inform your settlement agent of the exact amount of money you will need bring to closing to consummate your transaction. In most cases, you will be required to come to settlement with certified or cashier’s check.

 

 


...........


Today's Rates
The Intelligent Mortgage Agent (tm)
Articles and Calculators
Ask a Professional
Apply Online