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In this brief, we will explain how our teams work together to support all participants in a closing to achieve a timely and efficient closing.
(-) Transaction Coordinator: This is the primary point of contact for real estate agents and clients. Transaction Coordinators are supported by a team of professionals to ensure a smooth and timely closing. The teams and individuals that support the Transaction Coordinator include:
(-) Onboarding Team (“Onboarding Team”): This team is responsible for opening the file in our system, and gathering the information and documents necessary to process the file. It is also responsible for the initial title search and lien search. You can contact the processing team at welcome@foliotitle.com.
(-) Processing & Closing Team: This team performs due diligence on the legal history of the file and analyzes the results of the title search, lien search, surveys, encumbrances, payments and any additional information to ensure that we can provide you and your lender (if applicable) with a title insurance policy.
In addition to the legal due diligence, this team will coordinate with your lender (if applicable) and the seller’s legal representative (if applicable) and sales agent to coordinate the logistics necessary for closing. The processing and closing team will receive a copy of all emails sent to the transaction coordinator. To access the processing and closing team, please coordinate with the Transaction Coordinator.
(-) Auditing and Funding Team: This team will ensure that all required title and contract conditions are met prior to disbursing funds and closing the transaction. They work closely with the processing and closing team on the day of closing.
Once the transaction closes and all payments are made, you will receive a confirmation email from our team, and enclosed will be the final documents and evidence of transfers.
(-) Post-Closing Team: This team handles all post-closing transaction inquiries. This may include questions about documents, disbursements and general issues. You can contact the post-closing team at postclosing@foliotitle.com