The Closing Agent Holds the Keys to Your Dream Home

You’ve found your new home and you’re already daydreaming about how you’re going to use your new space. There’s no denying that buying a new home is an exciting time, but many who aren’t familiar with the process are surprised when they can’t start moving in immediately after entering into a contract.

What is a Closing Agent?

A closing agent or settlement agent is the entity or individual who oversees the closing process, including making sure the title is clear and all the money is collected, verified, and disbursed in accordance with the terms of the contract and loan documents. A representative of the closing agent, typically an attorney, will sit with all parties to go over documents and answer questions at the closing table.

No, property transactions are serious and well-regulated affairs – requiring the work of trained professionals. There are several steps left to take before you can really call your new place your own. You’ll need to:

  • Initiate a home inspection
  • Originate your home loan 
  • Get an appraisal
  • Undergo loan approval
  • Secure credit underwriting
  • Acquire both homeowner’s insurance and title insurance

That may sound like a lot, and it is, but that’s exactly why you’ll have access to the closing agent.

Who Represents The Title Company and Facilitates the Final Transaction?

Closing on a mortgage loan is rarely a stress-free process, but a knowledgeable professional can offer the guidance you need to avoid costly errors or time-consuming hangups. 

We call this professional a closing agent, or in some cases a settlement agent.

What Does A Closing Agent Do?

The closing agent oversees property and fund transfers. They’re also responsible for managing the distribution of documentation to all required parties. Essentially, the closing agent is the first and last point of contact for ensuring a legitimate and smooth closing. They take care of the details to make sure you get into your new home quickly and without issues. 

Aside from overseeing transfers between the buyer and seller, the closing agent makes sure the real estate agent receives any due commission. They also file the appropriate paperwork in order to legally move forward with a transfer of property. 

You can think of the closing agent as a coordinator for your real estate transaction, as they’ll handle most paperwork and act as a liaison between all parties involved.

How to Use A Closing Agent

While the closing agent will take the lead in the closing process, it can never hurt to take a direct interest in your finances. After all, a property transaction is a major financial moment. 

Feel free to ask questions regarding the process or your transaction’s status. An experienced and professional closing agent will be happy to help you stay informed about your own finances.

Expecting to Close on Your Own Mortgage?

Acquiring a home loan can be daunting, which is why you should be sure to have an experienced closing agent backing you up. At Boundary Title, our team of closing agents have the expertise to help guide you through the entire process. Reach out today to start moving ahead on your own home! 

This material is provided as a courtesy and for educational purposes only. Please consult your title professional for specific information regarding your situation.

Boundary Title Office

200 Clinton Avenue West, Suite 315,
Huntsville, AL 35801

Our Office

Boundary Title is located in the tallest building in Downtown Huntsville known as the Regions Center. The building has an attached parking garage where guests are welcome to park in any of the non-reserved, open spaces. Guests will receive tokens to get out of the parking garage after their visit.

When you walk into the building through the glass doors, you will find the elevators straight ahead. Take any of the elevators to the 3rd floor and our office will be visible as soon as you step off the elevator. We look forward to seeing you!

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