Closing Coordination
$300/ Transaction $200/ CASH Transaction
Broker Requirements
-
Ensure all documents are collected and executed by all parties.
-
Upload contract documents into compliance system
-
Complete required forms/documents required by the broker
Financing
-
Confirm pre-approval and lender information
-
Confirm appraisal has been ordered
-
Follow up with lender for appraisal results
-
Monitor underwriting process through receipt of loan commitment followed by the clear to
Inspections
-
Confirm both Home Inspection and WDO within the time frame of contract and inform all parties
-
Track repair request and obtain all signatures
Contract
-
Contact all involved parties to introduce myself as a member of your team
-
Thoroughly review and complete all deadlines and timelines
-
Confirm Earnest Money Deposit
-
Weekly Status updates sent to you and clients
Escrow
-
Remain in constant contact through the entire transaction
-
Review escrow instructions
-
Receive EMD Receipt within contact time frame
-
Acquire preliminary title report and review for exceptions
Closing
-
Disbursement authorization is provided to the title company
-
Coordination of closing timelines by all parties
-
Utility contact sheet sent to client
-
Ensure closing disclosure has been acknowledged 3 days before closing per TRID
-
Track preparation and review Closing Disclosure
-
Schedule final walk through
-
Confirm buyers final Cash to Close
-
Confirm sellers proceeds
-
Reminder to change MLS Status
-
Reminder to get Lock Box/Sign