Closing

The closing of mortgage transactions requires meticulous attention to detail and coordination. Assivo’s outsourced support during this phase ensures a smooth and efficient closing, helping to streamline operations and reduce potential delays.

We begin by verifying all signed documents and borrower identification to confirm their accuracy and authenticity. This step involves meticulously reviewing each document to ensure it is correctly completed and properly signed. We also verify borrower identification to prevent fraud and ensure compliance with legal requirements. This thorough verification process helps to avoid any issues or discrepancies that could delay the closing.

Next, we coordinate wire transfers for funding, ensuring that all financial transactions are processed accurately and on time. Our team manages the transfer of funds between parties, including the disbursement of loan proceeds and settlement of any outstanding costs. We work closely with financial institutions to ensure that the transfer is executed smoothly and that all parties receive the required funds without delay.

Finally, we organize the executed documents for delivery to the lender. This involves compiling and preparing all signed documents and agreements, ensuring they are complete and correctly organized. We handle the logistics of document delivery, ensuring that all paperwork is promptly sent to the lender for final processing.