Closing and Funding Policies and Procedures
Mortgage Loan Closing and Settlement Policies and Procedures - Loan Document Preparation and Review Quality Control Manual
Lien perfection remains the highest concern and the area of greatest risk for mortgage lenders. The Mortgage Loan Closing module provides policies and procedures, document review process, standards and guidelines which allows the company to control the funding function. It is ideal for lenders who need to document closing, funding and delivery to warehouse bank. The manual also acts as training program for new closers/funders and general closing instructions for settlement agents.
This procedure can also be used by title companies, in conjunction with the information security plan, to satisfy lenders' requirements in the Vendor Approval process.
Mortgage Loan Closing and Settlement Procedures Elements
Position Description
Documentation Requirements
Schedule Management
Pre-Closing Checklists
Funding Worksheets
Closing Crisis Management
Post Closing
Document Follow Up System
Servicing Set Up
Warehousing
Delivery
State Audit Preparation System
Approved Attorney System
Lien perfection remains the highest concern and the area of greatest risk for mortgage lenders. The Mortgage Loan Closing module provides policies and procedures, document review process, standards and guidelines which allows the company to control the funding function. It is ideal for lenders who need to document closing, funding and delivery to warehouse bank. The manual also acts as training program for new closers/funders and general closing instructions for settlement agents.
This procedure can also be used by title companies, in conjunction with the information security plan, to satisfy lenders' requirements in the Vendor Approval process.
Mortgage Loan Closing and Settlement Procedures Elements
Position Description
Documentation Requirements
Schedule Management
Pre-Closing Checklists
Funding Worksheets
Closing Crisis Management
Post Closing
Document Follow Up System
Servicing Set Up
Warehousing
Delivery
State Audit Preparation System
Approved Attorney System
Closing/Funding Module Table of Contents |
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Price $395
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Closing Module is part of the Complete Banker
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