What does a closing agent do?

RealtorMortgage loan closings are considered one of the most stressful times for homeowners. But, if the process is handled by a knowledgeable professional, the stress can be minimized.

The mortgage loan closing process is managed by a settlement agent who takes care of the transfer of funds and property ownership through an escrow or trust account. A settlement agent is also referred to as a closing agent.

The closing agent’s role is to make sure all parties involved receive required documents during a mortgage loan closing. They provide escrow instructions to third parties like real estate agents, to receive funds such as fees and commissions. They are responsible for ensuring the seller’s bank is repaid and that any remaining monies are paid to the seller.

Closing agents make sure buyers receive the property deed and lenders get the deed of trust, or mortgage, showing a lien is on the property. Closing agents are also responsible for the filing of legal documents with county recorder offices showing property title and the mortgage on the property.

Although the mortgage loan process can be complicated, working with a savvy and experienced closing agent provides helpful insight throughout the process.

Where the rubber meets the road

One of the many services closing agents offer is valuable information concerning the mortgage loan closing process, the status of the loan, and specific details about your transaction. So, don’t be afraid to ask questions.

Our closing agents work closely with the lender and realtor to make 100% sure that all necessary documents arrive on time to the closing table. We sit at the table to assist in a seamless closing. Unlike other companies, our closers are professional signing agents that ensure everything runs smoothly and all questions are answered courteously and professionally.

Before reaching the closing table we review the title search, resolve any issues that may occur, order lien letters and tax certifications, obtain payoffs for mortgages and judgments, perform patriot, domestic relations and bankruptcy searches and clearances, request subordination agreements and satisfaction pieces when necessary, deal with bankruptcy issues and short sale instructions.

Our comprehensive portfolio of services assists you in every facet of the real estate settlement process. Ready to get started? Get a personalized quote today.