Close Loans

Written by Sierra Rein
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Keeping Customers Happy

Close loans faster and expedite the process your borrowers have to endure. Since most closings are done so in a hurried manner, the quicker you can fulfill the needs of your clients, the higher your rate of customer retention. By putting off or even hampering the process, incredible business opportunities and ventures can be left by the wayside.

To close loans, a business or individual usually relies on an escrow officer, notary attorney, or lender to handle all the necessary documents. These documents include the promissory notes, deeds and titles, and all necessary mortgage docs. They must be all signed, processed, and calculated to adjust for older loan interests, impound accounts, taxes, and insurance fees.

The Final Steps to Close Loans

Once these documents are fully organized, the next step is to make sure the loan funds are deposited. Usually a settlement statement is printed out and signed, displaying all of the costs and interest rates associated with the loan. It is up to the notary signing agent to make sure everyone reads and understands this loan information before it is closed and finally recorded.

Most loan closing solutions are handled by a signing company dedicated to providing clients with a network of notary attorneys and loan processing officers. Many of these can be found online on several well organized websites. A business owner can simply bring his needs and questions and have them all answered at once in the comfort of his own office or home.

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