Loan (Refinance)
The process of refinancing can frequently be a troubling process. This process often requires a proactive approach to resolve pending problems and hurdles to the closing process.
Refinancing involves the payoff of an existing loan with the proceeds from a new loan. Common reasons to refinance include reducing the term of a mortgage, reducing monthly costs by way of lowering the annual interest rate and changing from a adjustable rate to a fixed term.
We manage all details of the refinance process:
- Manager. We completely manage and act as a neutral third party to close the transaction within the guidelines of the contract while serving as a depository for all closing documents and funds.
- Title Report. We request all preliminary reports on the property that will show all liens and encumbrances
- Process. We process and coordinate documents and funds.
- Communication. We keep parties informed on the progress of the escrow process.
- Response. We promptly respond to all questions during the course of the transaction to include buyer, seller and lender's requirements
- Secure Finance. We ensure security and accountability of monies owed and owing. We offer several disbursement options including wire transfers
- Conditions. We secure release of conditions.
- Approvals. Obtaining approvals of reports and documents from the parties as required.
- Financial Analysis. Prorating and adjusting dues, taxes, rents, etc.
- Record. We assist in recording the deed, deed of trust and other recordable documents
- Disburse- We perform all the disbursements in the file and follow disbursement instructions of all parties to insure a seamless closing and circulate the final settlement
- Close. We ensure all documents, titles, reports and funds are securely closed.
- Signing. We aid in setting up the signing of documents with a notary public and have a network of notary’s nationwide making signings convenient for our customers
