(List From Nina Arlook with First American Title Company)
This is your 41-step checklist outlining the functions to be performed by your real estate team: Brad Jensen (your real estate agent), mortgage lender and the title & escrow company for a successful real estate transaction. The steps have been color-coded to indicate the role each member of your “team” will take and the order in which each task is typically performed.
Red – Real Estate Agent / Brad Jensen
Orange – Mortgage Lender
Blue – Title Company
Black – All Team Members
We’ve numbered these functions for your convenience, however, many of these steps occur simultaneously.
21.) Appropriate title report items cleared by escrow / settlement officer and any additional conditions reviewed.
22.) Loan package submitted to underwriting.
23.) Assistance given to buyer for selection of hazard insurance company, if required.
24.) Loan approved.
25.) Loan documents ordered.
26.) Loan documents delivered to escrow.
27.) Hazard insurance ordered, if required.
28.) Closing date confirmed; final dollar balance to be deposited into escrow is determined.
Estimate of Closing Costs: We work closely with our title service team & your lender to provide you with a preliminary estimate of closing costs & down-payment requirements anticipated in the transaction. Our purpose is to eliminate any closing day surprises.
Good-Faith Estimate: You will benefit from our experience in working with great local lenders & our title service team, by helping you to understand the financial aspects of your real estate transaction & providing you with good faith estimates.
29.) Final instructions, if any provided to escrow.
30.) Loan conditions reviewed with escrow / settlement officer.
Do you have questions on any of the steps?
Give Brad a call today (435) 901-8333
Brad has been in the real estate business for 20+ years & has an exceptional knowledge of the market. He takes great pride in giving his clients the very highest level of customer service & is available to help you with your real estate needs! Brad will assist you in every step of the real estate transaction.