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Closing - Final Step
By David Schmidt - January 9, 2018
The final step is the closing. At this point most communication is done directly with the title company that the borrower has chosen to close the loan. CoHI sends the approved DOCS to the title company and then they send the DOC set to the borrower. They coordinate a date for closing and CoHI sends a wire directly to the title company. If the borrower is out of country or off site the title company can either do a mail out closing or whatever the title company deems acceptable. If the borrower is a corporation then an authorized signator has to be verified.
CoHI has streamilined the loan process to the point that generally this process takes 2-3 weeks and funds can be in hand. Please call David Schmidt at 970-922-3277 to get the process started.