What to Expect

What to Expect

  • Your Purchase Closing Timeline
  • Your Refinance Closing Timeline

The steps leading form contract to close can be easy if you prepare yourself and others involved in the transaction properly. We will attempt to cover the steps involved in coming to closing and help you know who does what and when. Some transactions may be more involved than others. Every property transaction is unique

Step 1: Get a signed and ratified contract. Who’s Involved: Seller, Buyer, Agents
Step 2: Order Title and finalize your loan approval. Who’s Involved: Buyer, Agent, Lender
Step 3: Receive first contact from Endeavor Title for the information needed from all parties. Who’s Involved: Buyer, Seller, Agents, Lender
Step 4: Verify all financial ties to the property. Who’s Involved: Seller, Agents, Lender, Payoff Mortgage Company(s), HOA/Condo, City/County Services, Water/Trash Departments, Judgments If seller does not have clear title this is when we would let all parties know what is needed to give title to the Buyer.
Step 5: Clear Title Report provided. Who’s Involved: Lender, Buyer, Agents
Step 6: Closing Disclosure Produced. Who’s Involved: Lender, Title, Agents This is usually 3 days prior to closing. This is the last chance for your Agents to provide Commission fee’s prior to closing.
Step 7: Clear to Close. Who’s Involved: All Parties Notified final time, date & location of settlement are determined.
Step 8: Collect funds needed to close for all parties. Who’s Involved: Lender, Buyer, Seller All funds for closing are delivered to Endeavor Title by Wire. This is to ensure funds are in our accounts prior to signing.
Step 9: Closing. Who’s Involved: All parties meet to sign final documents and exchange keys.
Step 10: Recording & Funding. Who’s Involved: Title company sends all documents to the city/county for recording and disburse funds to parties on the final settlement statement. Wires going out will be sent within 24 business hours of the closing.
Step 11: Final Documents sent out. Who’s Involved: Title company receives back the recorded documents from the county. They then produce your Final Title Policy(s) and mail out your originals.

We will attempt to cover the steps involved in coming to closing and help you know who does what and when. Some transactions may be more involved than others. Every refinance transaction is unique.

Step 1: Find a Loan Officer. Who’s Involved: Borrower, Lender
Step 2: Order Title. Who’s Involved: Borrower, Lender, Title
Step 3: Receive first contact from Endeavor Title for the information needed from all parties. Who’s Involved: Borrower, Lender, Title
Step 4: Verify all financial ties to the property. Who’s Involved: Borrower, Lender, Payoff Mortgage Company(s), City/County Services, Judgments If Borrower does not have clear title this is when we would let all parties know what is needed to give title to the Borrower.
Step 5: Clear Title Report provided. Who’s Involved: Lender, Borrower
Step 6: Closing Disclosure Produced. Who’s Involved: Lender, Title This is usually 3 days prior to closing.
Step 7: Clear to Close. Who’s Involved: All Parties Notified final time, date & location of settlement are determined.
Step 8: Collect funds needed to close for all parties. Who’s Involved: Lender, Borrower All funds for closing are delivered to Endeavor Title by Wire. This is to ensure funds are in our accounts prior to funding.
Step 9: Closing. Who’s Involved: Borrower, Title, Leander meet to sign final documents. Anyone on title to the property must be present to sign. This is required whether they are on the loan or not.
Step 10: Recording & Funding. Who’s Involved: Title company sends all documents to the city/county for recording and disburse funds to parties on the final settlement statement. Wires going out will be sent within 24 business hours of the lender funds being received and after the 3 day recession period has passed. The funding date may be extended beyond 3 days due to federal banking holidays and weekends.
Step 11: Final Documents sent out. Who’s Involved: Title company receives back the recorded documents from the county. They then produce your Final Title Policy(s) and mail out your originals.