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What are the functions performed and services provided by the closing agent?

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What are the functions performed and services provided by the closing agent?

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The closing agent receives a “title order” from a real estate agent, loan officer, a purchaser, or a refinancing owner in preparation of a closing. The closing agent will then order a title search, payoff statement and real estate tax information, and any payoff for judgments or other liens in preparation of closing. The closing agent will schedule the closing with the lender and the parties involved, as well as, clear title and issue title insurance commitments to the respective parties. The closing agent will receive the lender instructions along with the lender documentation. The closing agent will prepare the final HUD-I Settlement Statement conduct the closing with the parties including explaining the documentation and notarizing any documentation required by the lender. They will then send the documents back to the lender, payoff the liens and taxes, record the deed and mortgage and issue a final title policies.

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It is customary for the closing agent to receive a “title order” from a real estate agent, loan officer, purchaser, or a refinancing owner in preparation of a closing. The closing agent will then order a title search, a location survey (if required), payoff statements, and real estate tax information in preparation of closing. Within a few weeks prior to closing, the closing agent will schedule a closing date with the lender and the parties involved, as well as, clear title and issue title insurance commitments to the respective parties. The day before closing or on the day of closing, the lender will provide final loan instructions to the closing agent along with the lender documentation. Upon receipt of these items, the closing agent will prepare the final HUD-I Settlement Statement and conduct closing with the parties. Generally, the actual closing involves an explanation of the documentation by the closing agent and the acquiring of signatures which takes approximately one hour. In

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It is customary for the closing agent to receive a title order from a real estate agent, loan officer, purchaser, or a refinancing owner in preparation of a closing. The closing agent will then order a title search, a location survey (if required), payoff statements, and real estate tax information in preparation of closing. Within a few weeks prior to closing, the closing agent will schedule a closing date with the lender and the parties involved, as well as, clear title and issue title insurance commitments to the respective parties. The day before closing or on the day of closing, the lender will provide final loan instructions to the closing agent along with the lender documentation. Upon receipt of these items, the closing agent will prepare the final HUD-I Settlement Statement and conduct the closing with the parties. Generally, the actual closing involves an explanation of the documentation by the closing agent and the acquiring of signatures which takes approximately one hour.

0
10

It is customary for the closing agent to receive a “title order” from a real estate agent, a loan officer, a purchaser, or a refinancing owner in preparation of a closing. The closing agent will then order a title search, a location survey (if required), payoff statements, and real estate tax information in preparation of closing. Within a few weeks prior to closing, the closing agent will schedule a closing date with the lender and the parties involved, as well as, clear title and issue title insurance commitments to the respective parties. The day before closing or on the day of closing, the lender will provide final loan instructions to the closing agent along with the lender documentation. Upon receipt of these items, the closing agent will prepare the final HUD-I Settlement Statement and conduct closing with the parties. Generally, the actual closing involves an explanation of the documentation by the closing agent and the acquiring of signatures which takes approximately one hour

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