Closing time!
When financing your new home, the last step of the process is the closing. It’s the day you, and all the necessary parties, sign the important mortgage loan documents (spoiler alert, there are a lot of them). When the closing is done, you get the keys and become a homeowner!
In many cases, all the parties involved come to the closing and sit around a table to sign all documents at once. Depending on your situation, the parties involved (besides you and your co-borrower) may include the realtor, seller, title insurance company, escrow company, an attorney, and your lender.
Other times, the closing could take several weeks as the signatures of each party are collected separately.
What if the process could be faster and more convenient?
What if you could…
- Sign all the documents from your couch?
- Access closing forms a day early to review?
- Complete closing with your spouse or co-borrower even though they’re in another city?
IncredibleMortgage’s easy close makes all of this possible.
Here are the 3 biggest benefits of closing your home mortgage loan with IncredibleMortgage:
1. Close From Anywhere
IncredibleMortgage’s e-closing platform makes it easy for you to complete required documentation from wherever you’re comfortable.
“Our borrowers choose how they want to close,” says IncredibleMortgage VP of Home Lending Angela Stephens. “If they want to close in their pajamas in their living room, we’ll do it for you.”
2. Access Your Forms Early
Like we mentioned, you’re going to have a lot of documents to sign. This might make you feel overwhelmed and rushed during the signing process. You may not feel like you have time to review important forms and disclosures.
“We’ve got the technology and platform that allows us to give borrowers the opportunity to preview documents a day before closing,” says Stephens. “That’s always been kind of a thing…people go to closing and there’s never enough time to read those documents or even look at them. They just have to sign them and then go.
“This option gives them the ability to preview their documents from the comfort of their home a full day before.”
Stephens adds that this also gives you time to reach out to your lender with questions.
“It’s truly working on their schedule and meeting them where they need and want to be met,” adds IncredibleMortgage Director of Home Loan Operations Janene Olson.
3. Flexible Scheduling
If you or your co-borrower have conflicting schedules or travel frequently for work, being physically present together at closing may be a challenge.
No problem at all!
“Let’s say you and your spouse were going to close, but you can’t be in the same place at the same time…with our technology, one person could be in Italy and the other one could be in Greece and they could both still sign their mortgage that’s going on in the U.S.,” says Stephens.
What if you’re running late for your session?
“It’s really on customer demand,” Stephens said. “So if you think you can close at 9:00 am, but gosh, I’m running late and it might get to be 9:45, it doesn’t really matter because the notary comes on demand…they meet you when you get online.”
How Does a Closing Session Work?
You can access and complete your closing session in 5 simple steps:
- You will receive an email with a link enabling you to log in to your session.
- A notary will enter the session on demand.
- You’ll verify your identity by putting your driver’s license in front of your camera – the notary will capture your license information and ask you a few identifying questions.
- The notary will go through all the notarized documents with you.
- You’ll sign the documents electronically.
Ba da bing, ba da boom!
It’s easy for others to join the meeting, too.
“The lender has the ability to hop on that session, so we can answer any questions you have during closing,” says Stephens. “And when you’re done, you don’t have to go anywhere – you’re closed!”
Of course, your IncredibleMortgage lender is happy to assist you before, during and after your closing session.
“It just goes to show that we operate like a big bank, but we’ll treat you like a little bank,” Stephens said.
Ready to move forward with your homebuying journey?
Would you like to know more about our easy closing process?
Loans are subject to credit approval.