Welcome Class

Welcome
Class

Day 1
January 28

Day 2
January 29

Day 3
January 30

Education > Paraprofessional Training > Ch. 13 – Lender’s Closing Package

Day 3: Agenda
All times refer to the Eastern Time Zone.

9:00 - 12:30

Morning Classes

Review & Questions
Ch. 12 – Preparing for Closing 
Ch. 13 – Lender’s Closing Package
1:30 - 5:00

Afternoon Classes

Ch. 14 – Closing Procedures
Ch. 15 – Post-Closing Obligations
Questions, Answers & Dismissal

Ch. 13 – Lender’s Closing Package  

Details

Ch. 13 – Lender’s Closing Package


Description

Lender’s closing package is one of the most important set of documents essential to closing real estate transactions involving financing by an institutional lender. The closing instructions will require extremely focused time and review. The title agent should require the lender’s specific closing instructions at least two hours before closing to permit time for examination and review of the instructions and loan documents, allow for questions or corrections, review by borrower and/or borrowers’ counsel, and preparation and approval of the settlement statement.



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