Our firm will prepare the necessary legal documents for a residential loan transaction, and perform all necessary closing, funding and shipping functions.

Procedure: Our services begin upon receipt of your request for documents at least 48 hours prior to closing. We then complete a thorough review of the title commitment, survey (if applicable), sales contract when applicable, underwriter’s approval, and lender’s lock confirmation. Loan documents are prepared and funds ordered from your warehouse bank. These documents are drawn in your name which requires the endorsement of the Note and, when applicable, the execution of an Assignment to the investor obligated to purchase the closed loan. For your convenience and at no extra charge, we will provide a Power of Attorney that you will execute, which will give our law firm the authority to execute these documents upon your instruction on your behalf.

Once the transaction has closed, the closing agent contacts our office for funding authorization. We give that authorization when we are satisfied that all closing conditions have been satisfied. We instruct the closing agent to forward to us by overnight delivery, the originals of all loan documents executed in connection with the loan which are required by the investor. We organize the file in accordance with the investor’s instructions and submit the original package to the investor for purchase. The original Note will be delivered per the instructions of your warehouse bank.

We carry a $2,000,000.00 Errors and Omissions insurance policy, a copy of which will be provided at your request.

Please contact our office for pricing. rwells@mdgibson.com / 281.745.9603