Contract to Closing Checklist

  1. Purchase agreement: The “contract” is executed by the buyer and seller.
  2. The buyer applies for their loan and the mortgage loan application is taken by the loan officer.
  3. The contract is submitted to the title company. Once received, the title is opened and the contract is receipted by the escrow officer.
  4. During the option period, inspections are performed.
  5. At the title plant, title examination begins!
  6. The loan officer is provided with the buyer’s credit history.
  7. The appraisal is ordered by the lender.
  8. The commitment for title insurance is issued and distributed to all parties of the contract.
  9. If required, the survey is ordered.
  10. The buyers loan is approved.
  11. The survey is reviewed by the title company and is approved for insurance purposes.
  12. The closing date is scheduled with the company.
  13. The lender sends the closing instructions to the title company.
  14. The title company prepares closing documents.
  15. Closing and funding happen at the title company’s office.
  16. Upon proper funding, keys are provided to the buyer!