Domestic Outsourcing for the Mortgage Industry

Closing and Document Services

 

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Closing and Mortgage Loan Document Services

Pre-closing quality control audit

Includes review of all closing critical documents to ensure consistency and accuracy of data throughout loan file. If discrepancies are discovered, lender is contacted for issue resolution prior to release of loan documents and funds as appropriate.


Fee Sheet
Underwriting Approval
1008
1003
Lock
MI (if applicable)
Hazard Insurance
Flood Certificate

Flood Insurance (if applicable)
Wiring Instructions
Closing Protection Letter/E & O
Title Commitment
Tax Information
Appraisal
Sales Contract (if applicable)

 

 

 

 

Document Preparation

> Data entry to create documents.
> Review of investor program requirements (margin, caps, etc.).
> Prepare documents in accordance with underwriting approval and lender/investor provided lock.
> Review and pull the correct information from documentation provided in order to create accurate loan documents.
> Clear and resolve data discrepancies with lender prior to release of documents.
> Create and pull documents from investor approved document vendor.

Preparation and delivery of lender figures to Closing Agent

> Fee validation and verification.
> Verification of title fees with closing agent to ensure proper disclosure on TIL calculation and APR disclosure.
> Verification of Property Tax Information with settlement agent.
> Preparation of HUD/preliminary figures to lender specifications.
> Delivery of preliminary figures to closing agent.
> Delivery of Documents to Closing Agent
> Conventional or electronic delivery of loan documents to closing agent.

Closing Process Flow

TLC Loan Closing Process Flow Chart


(Click here for a larger image)

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Titan Lenders Corp. has been founded on the principle that mortgage lenders should aggressively focus on their front-end profit generator – origination, rather than attempt
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