1. The Escrow company will contact you to arrange a convenient appointment to sign the loan documents.
The Loan Documents are signed 4-10 days prior to the closing date; depending on how quickly final loan approval conditions are completed. Most lenders require a 48-72 hour review prior to closing to verify the signed documents are complete.
2. The Escrow company will prepare your closing statement & tell you how much money to bring to closing.
Essex Mortgage policy is to review the escrow company’s closing statement prior to our client’s signing. However, the Escrow Companies do make mistakes on the settlement statement and often forget to verify fees with Essex Mortgage. If you should notice an error on the closing statement, please contact us at
3. Select a Homeowners insurance company. Ask your agent to contact Escrow 5 days prior to closing.
Essex Mortgage allows you to use the insurance company of your choice. After selecting your insurance company ask them to contact Escrow. Escrow will help the insurance company prepare the insurance binder according to the lender requirements. If you would like a referral to a local insurance agent, please contact
4. Please make arrangements to wire funds or bring a cashier’s check to the Escrow closing.
Most California State Escrow Companies require cashier checks or wired funds for liability reasons. Please contact the escrow agent prior to signing for details.
5. The Loan closing may be delayed if closing documents are signed incorrectly or if final closing conditions are not satisfied.
In the past even with the best preparation. Escrow companies have incorrectly prepared paperwork, lost paperwork, delayed returning paperwork to the lender or failed to get all loan documents signed correctly. In addition, home purchasers and real estate agents have neglected to provide all requested paperwork needed to close a loan, such as original employment letters, verification of down payment or addendum’s to the Purchase & Sale Agreements.
