loan closing officer checklist

Review loan documents and ensure all necessary forms are completed and accurate

Confirm borrower's identification and ensure all required documentation is provided

Verify loan terms, interest rate, and repayment schedule

Ensure all required disclosures are provided to the borrower

Coordinate with underwriting department to resolve any outstanding issues

Obtain clear title from lender and/or title company and ensure all legal documents are properly executed

Obtain and review the appraisal report to ensure it meets all requirements

Verify that all funds for closing are in place and all applicable funds have been received

Ensure that all state and local regulations are met

Review lien position and ensure all liens are cleared

Prepare closing documents for review and signature

Confirm title search has been conducted and clear title can be transferred

Verify that title insurance coverage is in place

Review title insurance policy and ensure it meets lender's requirements

Coordinate with title company to address any title-related concerns

Prepare loan closing documents and obtain necessary signatures from borrower

Review promissory note, mortgage, and other loan agreements for accuracy

Ensure all loan documents comply with legal and regulatory requirements

Coordinate with legal counsel, if necessary, to address any legal issues

Verify borrower's funds for down payment or closing costs are available

Coordinate with escrow agent or closing attorney for funds transfer

Ensure all required fees and expenses are paid before loan closing

Confirm proper disbursement of loan funds to borrower and other parties involved

Schedule loan closing appointment with borrower, closing attorney, and any other parties

Conduct closing meeting and explain loan terms and documents to borrower

Obtain necessary signatures and notarizations on loan documents

Collect any outstanding fees or payments from borrower

Ensure all loan documents are properly executed and stored

Provide copies of loan documents to borrower and other relevant parties

Submit loan file to loan servicing department for further processing

Communicate with borrower regarding any post-closing requirements or next steps

Note: This checklist is a general guide and may need to be customized according to specific lender requirements, loan types, and local regulations.