Lendistry Services Flashcards
1
Q
What is the Loan Closing process?
A
This process includes:
1. reviewing and preparing loan documents,
2. coordinating with title and escrow agents,
3. overseeing the closing team,
4. disbursing loan proceeds, and
5. ensuring post-closing compliance
2
Q
What can a loan package include?
A
- Credit memo
- Account details
- Repayment schedule
- Operating agreements
- Draw schedule
- Collateral information
- ID verification checks
3
Q
What is Loan Document Generation?
A
Upon receipt of the comprehensive loan package and detailed loan information, Lendistry can generate loan documents and prepare them on behalf of the client/partner, the lender of record.
