Whether or not you have worked with us on another transaction, it’s always good to have this list handy, so that you know what to expect as an initial request from us, once you have that accepted offer.
We are quite prompt once this next step begins, to ensure a timely (if not early) closing. Here’s a quick list of items we will need from you, when you are formally in contract:
- A copy of the fully executed contract – signed by both buyer and seller. Including all counter offers and addendums, as applicable.
- If you don’t have a copy – feel free to have your realtor send it to us directly at firstname.lastname@example.org.
- Name and contact information for the escrow/title company handling the transaction. Normally, the seller dictates who this will be, your realtor should be able to get this information for you, if you do not have it. At Empire, we like to request their transactional fees as soon as possible, so that when we disclose your Loan Estimate to you, it has the exact charges that you can expect for this transaction.
- Reminder – our pricing engine on the website uses First American Title Insurance Co. title & escrow fees to estimate your closing costs overall, however the escrow/title company chosen by the seller will likely be different, and as such, the overall closing costs will not be known until we get their initial fee estimate for your particular transaction.
Once you provide these items to us, we will begin loan processing. Here’s what those steps looks like:
Loan Process Outline
- Sign your initial disclosures – sent to you via DocuSign
- Once signed can we then order your appraisal, unless you prefer to hold the order until you complete the home inspection (not uncommon), or if your home is a new-build and has yet to be completed.
- Provide us with any additional documentation requested by our processing team, once in, this allows for loan submission for formal loan approval (conditional).
- Once formal conditional approval is in, we will need to ask you for a few more items, once those are provided & signed off, along with the appraisal, we will get a Clear to Close status!
- Signing (in person with a local notary) & closing – voila!
Knowing these next steps and processes will keep you ahead of the game. If you have any specific questions, feel free to reach out to us at any time.
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