A Closing Disclosure is a five-page document that helps borrowers know everything about the mortgage loan they have just purchased. As a lender, you must enlist crucial mortgage loan details in the closing disclosure document. These details include loan terms and monthly payment installments that a borrower is liable to. It is mandatory that you specify all the final loan…
mortgage closing services
Mortgage post-closing is one of the most critical steps in the entire lending process. It is the stage where lenders receive signed/funded loan documents from different origination points and review them for regulatory compliance. The imp processes carried out during this stage include post-closing audits, trailing doc review, report a follow-up on trailing doc, shipping of loan files, and final…
The last fifteen months have been unprecedented for the mortgage industry. With the Covid-19 pandemic rattling the lending ecosystem, lenders have seen the worst in the form of business loss, rock-bottom productivity, depleting revenue streams, and distorted workflows. Among other concerns, mortgage closing has been a source of deep worry for lenders. The practice of social distancing has indubitably helped…