A closing agent is a disinterested third party who follows the instruction of your lender, REALTOR, attorney or buy-sell agreement to complete the sale or purchase of your property.
A closing agent gathers information from many sources to create the final settlement statement and to ensure the transfer of clear title. This research may include a payoff letter, real estate tax records, title records, commission amounts and insurance coverage.
The closing officer will explain all documents to you and answer any questions you have. You will sign the necessary papers, and the closing officer will notarize them.
Once all conditions of the transaction are satisfied, disbursement occurs and documents are sent to the County Register to officially record the change in title.
Please visit KnowYourClosing.com for more information on title insurance and the closing process.