Answers to Common Consumer Questions

What Does the Closing Agent Do?
The closing agent does all the paperwork, including but not limited to the following :

• Prepares the closing documents
• Obtains the mortgage payoff
• Prepares the settlement statement
• Verifies funds are good
• Issues checks
• Disburses the funds from their escrow account
• Records the deed and mortgage
• Files the 1099-S with the IRS
• Delivers the closing package to the lender

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