Closing Time: Tips for a Smooth Transaction
Want to learn more about how you can better prepare for your closing date?
AmeriTitle knows all about title & escrow; we take pride in providing the best closing experience for everyone involved – that means agents, lenders, and their customers. In order to help throughout this transaction, we thought it would be best to outline some quick tips and tricks that can ensure a smooth and easy transaction.
Provide the following to your escrow team:
- The completed and signed Earnest Money Agreement (EMA). Be sure the EMA is legible.
- All addendums to the EMA.
- A commission verification form.
- Phone numbers, email addresses, and/or fax numbers for your clients and/or the lender they are using.
- Any additional insight or information regarding your customer(s) that may help make the process go without a hitch the day of closing – such as:
- The need for a translator;
- If they are visually, audibly, or physically impaired;
- If they require separate signings (i.e., divorce)
- Homeowner’s association contact information
Other quick tidbits:
- Carefully review the title commitment – if any questions arise, contact your escrow team ASAP!
- Encourage the seller to:
- Provide payoff authorizations promptly.
- Review their state withholding requirements with their accountant (if applicable).
- Encourage the buyer to:
- Notify your escrow team immediately should an issue or problem arise before the closing date.
Check out AmeriTitle’s Client-Resource Guide to prep before your closing date!