Virtual Escrow Technology™

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APPROVAL TIME

Broker Side
Technology
Title Side

Broker receives Loan Documents

Faxes Lender Instructions, and Payoff Demand statement(s) to Title

Completes APPROVAL TIME screens (Estimate)

Processor prints all required amendments in office

Estimated Closing Statements print in office

Broker may change and reprint Estimated Statements as often as needed in seconds

Print Lender Rate and Term Amendment

System generates Pre Closing Package

Amendments are generated automatically, immediately

Estimated Closing Statement is generated automatically by system when payoffs are entered

Generates new Estimated Closing Statement instantly when any change is made

 

 

 

Reviews Approval Information

Completes Payoff and Tax screens

Draws any Legal Documents that may be required for Closing

Balances file

 

Next - Funding Time






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