A lengthy closing period can cost money for both the lender and the borrower, with the average time from application to close being thirty six days. Nations Lending Services recognizes this problem and has addressed it with two new programs: FASTCLOSE and Clear to Close. These programs can reduce the closing process by as much as two weeks!
Nations Lending Services' innovative new program FASTCLOSE will speed up a loan closing by as much as two weeks! Nations Lending Services' customers love this pre-loan document retrieval solution. The FASTCLOSE team coordinates conditions documents from borrowers, such as pay stubs, proof of insurance, and tax returns, taking the burden off of the borrower and also speeding up the time spent between the loan application and the final closing. Nations Lending Services' FASTCLOSE specialists work with their closers to set an appointment with the borrower to collect and validate all of the necessary paperwork within twenty-four hours of the application. This early appointment also allows the borrower to become familiar from the beginning of the process with the person who will conduct the final closing.
The Clear to Close program from Nations Lending Services provides special services to auto-clear all title and escrow conditions that could delay closings. This premier product allows select lender clients access to these special services where the title and escrow is completed and clear to close in advance without prompting, including subordinations. This process can cut as many as five days from the closing process!
"A long closing process can be costly for all parties involved, especially if a rate change occurs," says Nations President Kelly Kern. "With both FASTCLOSE and Clear to Close, we are providing valuable tools to our customers and their customers in turn, while continuing our commitment to innovation and exemplary service."
Nations Lending Services is a powerful ally in the loan closing process, shaving days and weeks from the time a closing would normally take. Innovative products like FASTCLOSE and Clear to Close gives Nations Lending Services' clients that extra edge needed in a competitive market.