Closing News

Closing Turn Times The closing department at Overland Mortgage wants to provide you the quickest possible turn time on your files, but that can only happen if you provide us the tools we need to make that happen for you.    Below is an outline of the documents that must be in your file by the time your loan is Clear to Close; if these documents are not present in the file, this will place your file on hold and the 24 hours will not begin until all pertinent documentation is received:     Our Closing Department turn time is 24 hours 24 hours from the time we receive your CTC to the time docs are out to title, providing all of the documents listed below are received   CTC file received after 3pm Your 24 hour turn time does not begin until 8 a.m. the following day, on any files submitted into closing after 3p.m.   Your loan must be locked with our pricing department If not locked when we receive the CTC, your file will be placed on hold and your 24 hours will not begin until that is received     List of documents our Closing Coordinators need in order to begin reviewing your file:   Fee Sheet / Doc order form Hazard Insurance Tax Certificate Title commitment Closing protection letter Wire instructions Survey Const/Perm - How to know when a 3 day Right to Cancel is given: If property was never occupied   -  NO 3 day R/C given If property was or is occupied     -  Give 3 day R/C