Procedure For Loan Documents & Closing Form printable pdf download

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PROCEDURE FOR LOAN DOCUMENTS & CLOSING

Borrower: __________________________________________________________ Loan # ______________________

Property Address: (A)___________________________________(B)________________________________________

Documents: [ ] as Agent [ ] Investors Place of Signing:________________________________

Escrow Company and phone: _______________________________________________________________________

Type Policy: [ ] CLTA [ ] ALTA [ ] Endorsements: 0, 116

Property A Prelim: Order No.:

Dated:

Items subject to:

Property B Prelim: Order No.:

Dated:

Items subject to:

Amt $___________, Rate ____%, I/O [ ], Amort [ ], P/Amort [ ], Term ____Mo, Balloon Due ____Mo, Points ___%,

Date of signing:__________, Date Funded:__________, Date Docs:__________, Date to Close:__________

1st Pmt Date:_________, Balloon Date:_________, Prepay Penalty Waived after Date:_________,[ ]

Servicing: [ ]Broker, [ ]Investor, [ ]Other Servicing:_____% Lender: % of Late_____% of Prepay_____

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BORROWER DOCUMENTS:

Need Filed

Recording

Need Filed

[ ] [ ] Borrower Mortgage Disclosure

[ ] [ ] Certification & Authorization

[ ] [ ] Loan Escrow Inst & Hazard Ins

[ ] [ ] End of Agency & Arbitration

[ ] [ ] Borrower Inst to Broker

[ ] [ ] Payment Advice Letter

[ ] [ ] Note ( )I/O ( )Amort ( )P/Amo

[ ] [ ] Conditional Loan Letter

[ ] [ ] Deed of Trust (# Pages:_____)

$______

[ ] [ ] Receipt of Appraisal

[ ] [ ]

Exhibit A (# Pages:_____)

[ ] [ ] Affidavit of Non-Military

[ ] [ ]

Security Rider: (1 Page)

[ ] [ ] Compliance Agreement

[ ] [ ] Req for Notice: 1,2,3 (x $7)

$______

[ ] [ ] Verification of SSN/Taxpayer #

[ ] [ ] Req for Delinq: 1,2,3 (x $7)

$______

[ ] [ ] Signature Verification

[ ] [ ] Actual Notice & Release: 1,2,3

[ ] [ ] Financial Status

[ ] [ ] Federal Disclosure (Reg Z)

[ ] [ ] Indemnity Agreement-Environ.

[ ] [ ] Itemization of Amt Financed

[ ] [ ] Hazardous Wastes Notice

[ ] [ ] Notice of Right to Cancel

[ ] [ ] Interest on Loan Funds

[ ] [ ] Notice of Non-Rescission

[ ] [ ] Notice of Possible Fees Earned

[ ] [ ] Notice of Balloon Due

[ ] [ ] Oral Disclosure

[ ] [ ] Agreement (to procure loan)

[ ] [ ] Good Faith Estimate

[ ] [ ] Action and Counter Offer

[ ] [ ] ECOA

[ ] [ ] Fire Ins Authorization/Request

[ ] [ ]

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LENDER: Name:___________________________, Number:_______, Amount Invested:$____________

Name:___________________________, Number:_______, Amount Invested:$____________

Need Filed

[ ] [ ] Lender/Purchaser Disclosure

[ ] [ ] Note

( )Endorsed

( )Approved

[ ] [ ] Loan Service Agreement

[ ] [ ] Deed of Trust

( )Approved

[ ] [ ] Lender Instruction to Broker

[ ] [ ] Req for Notice

( )Approved

[ ] [ ] Loan Escrow Instructions

[ ] [ ] Req for Delinq

( )Approved

[ ] [ ] Cashiers Check to Title Letter

[ ] [ ] Actual Notice

( )Approved

[ ] [ ] Lender Receipt of Documents

[ ] [ ] Agreement

( )Approved

[ ] [ ] Conditional Letter for Loan

[ ] [ ] Multi-Lender Addendum (Costs)

[ ] [ ] Hazardous Wastes Notice

[ ] [ ] Multi-Lender Agreement (NOD)

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AFTER CLOSE OF ESCROW OR LOAN DISBURSEMENT

Date

Item Send to Lender - (Always use a letter and keep a copy in file)

________ COE-1 Letter: Certified copy of Note, and copies of: Closing Statement(s), Check, Ins Request/Evidence

________ COE-2 Letter: Certified copies of recorded items, Title Policy, Ins Policy, Actual Notice/Authorization

________ Prepaid interest check DATES: ______

_________________________________________

________ REC'D ORIGINAL NOTE. Date placed in safe deposit box:__________. Initial here:__________.

________ REC'D ORIGINAL TD.

Date placed in safe deposit box:__________. Initial here:__________.

________ REC'D _____________.

Date placed in safe deposit box:__________. Initial here:__________.

________ Fire Insurance ( ) Evidence

( ) Binder

( ) Policy ( ) Endorsement

________ Copies of Actual Notice and recorded Request(s) sent to Senior Note Holder, (2nd)

__________

________ Close of Escrow Statement ________ Title Policy ________ Endorsement to Title Policy

________ Other: ______________________________________________________________

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REFERRAL FEE OF $ ________, PAID BY: _____________________, DATE PAID: __________CK. #____

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FILE CLOSED AND COMPLETED BY: _________________________________ Date:________

1. ________ Welcome Letter mailed to Borrower

2. ________ Coupon completed and mailed

3. ________ LOGS: ___Loan, ___Monthly, ___Balloon, ___Insurance, ___Coupon, ___Senior Lender

4. ________ Computer: ___Recording Info, ___Change Status

Reviewed & Approved By: ______________________________________

Procedure For Loan Documents & Closing Form

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