Closing Vendor Information
View "The Closing Process" Quick Reference Guide
The Closing Vendor tool contains vendors associated with the closing process for a specific loan. The tool provides a convenient means of viewing and maintaining a loan's closing vendor information from one location.
Some of the entries may already be completed from information in the File Contacts tool. If you make changes to closing vendor information on this form, the changes will be updated in the associated entry in the File Contacts tool.
To enter or change vendor information:
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For all vendors except the Trustee, click the Address Book icon to select a vendor from your business contacts.
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Or, type vendor information and optionally right-click to add a new contact to your business contacts.
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Complete loan-specific information (such as Line Item Number, Reference Number, Relationship, and Comments) as required.
Trustee
To enter or change information in the Trustee section, type the information or click the Find icon
to select a trustee from the Trustee List.
Loss Payee/Mortgagee Clause
The Loss Payee/Mortgagee Clause section contains mortgagee information and the text of the mortgagee clause.
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Click the Address Book icon to select a mortgagee from your business contacts (typically from the Investor or Lender categories). If available, the text of the mortgagee clause will also be applied.
The mortgagee company and clause information is applied from the Mortgagee Clause Information section on the Extra tab for the selected business contact (Investor or Lender). If these fields are blank, no mortgagee information can be applied.
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Or, type mortgagee and clause information and optionally right-click to add a new contact to your business contacts.
See Also: