Preclosing Preparations

Once the lender's underwriting department has provided final approval, the lender will begin pre-closing preparations. This normally includes the following tasks:

  • Obtaining certificate of adequate insurance coverage.
  • Scheduling the closing.
  • Ordering the closing documents.
  • Coordinating the closing with all parties involved.

The "Closings and Transactions" article goes into further detail about the closing process and requirements.

After the closing, the closing agent will normally be responsible for recording the mortgage deed and title changes. The lender will then collect the loan documents from the title company.

We hope that you've found our Mortgage and Real Estate Resource helpful and informative. We welcome all comments, critiques and suggestions; please send emails to [email protected]. Remember that whether your are buying a home or an office building, you are investing in real estate. As with all investments, the best investors are those who can gather the most knowledge, tools and resources. Regardless of whether you use our lending services, please spread the word about our resource center to anyone you know who may benefit from our site.

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