Proper Rate

Electronic Signature

Signing the bulk of your documents ahead of time with FlashClose℠ could shave an hour or more at the closing table! Examples of documents that can be electronically signed include:

Uniform Residential Loan Application (1003): Standard application form with all your personal financial information.
Initial Escrow Account Disclosure: Declares how much you have in escrow for items such as real estate taxes and insurance.
Escrow Waiver: Indicates your escrow account has been waived.
Borrower Authorization Form
Payment Letter and Coupons: These summarize your total monthly payment amount in an itemized fashion. The coupons can be used to make your first one or two payments. Please keep these handy for your first few payments.

Physical Signature

Once at the closing table, you will need to physically sign the remainder of your documents. These include:

Mortgage: Pledges property to the lender as security for the debt repayment. This must be recorded with the county.
Compliance Agreement: Your consent to cooperate with post-closing requests to fix errors to your loan docs. Occupancy and Financial Status Affidavit: Your attestation of your property occupancy intentions and your current financial status.
Name/Signature Affidavits: Capture any variations to your name or signature on your credit profile and other legal documentation.
Notice of Right to Cancel: If you are refinancing, this document gives you the option to cancel the contract within a specified timeframe. By law, the homeowner has three business days to cancel the loan after closing.
W-9 form: Lets lender report refunds that need to be processed and any interest collected from you.
4506-C: Enables lender or third party to request a copy of your federal income tax transcripts.
Closing Disclosure: Breaks down your loan terms and the final settlement figures for closing.

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