After signing, the title company holds onto all the money, but sends the papers back to us. The Closer handling your file reviews everything for accuracy and completeness.
We will work with the Closer and Underwriter to clear any loose ends of underwriting conditions. If we need your help with conditions, we’ll let you know, but typically these are behind-the-scenes things: one last call to verify you still have a job, proof that repairs are done and such.
Once these loose ends are tied up, the closer presses a big green button that says “FUND” and sends the loan funds over to the title company. (ok, there’s not really a big green button… but there should be.)
The standard language in most sales agreements gives the buyer (that’s you!) possession of the property at 5pm the day of closing, but you may have made different arrangements with your seller. Check your contract for the details or just ask your Realtor.
The purchase of your new home is a Really Big Deal. We get that and are honored that you chose to work with us. The chance to play our role in the purchase of your new home—such a significant milestone—is a privilege. Thank you for the opportunity. We wish you all the best and hope your new home brings with it years of prosperity and happiness.