Role of a CS
Balancing figures, coordinating with the closing agent, and sending documents on time are part of this role.
Closing Specialist
This group must always be included when emailing the closing agent
The broker and processor
This document outlines the purchase price, seller credits, earnest money, and who pays which fees.
Purchase Agreement
Once a Closing Disclosure is balanced and ready for documents, this tracking item must be cleared.
HUD/Buyer Statement/Closing Disclosure set to Final Approval
This minimum contribution must be met on FHA loans.
3.5%
This is the earliest loan status a Closing Specialist can begin working a Client Chosen Title loan.
Final Sign Off
When the ACD is within 2 days and we're reaching out to begin balancing, this is the preferred method of communication.
Phone call
This document is required before adding a seller credit that is not listed in the Purchase Agreement.
Purchase Agreement addendum
A fee highlighted in purple requires this information before it can be approved.
Payee
This screen in AMP is used to verify FHA minimum borrower contribution.
CTRL + U or UW Summary
This loan status determines when a Closing Specialist can begin working a Rocket Close loan.
HUD Review Complete
This ARP step focuses on empathy and confirming you are listening before taking action.
Acknowledge
This document is used to verify vesting details and should be reviewed before making any vesting changes close to signing.
Title Commitment
Lender credits will appear in the column on our closing disclosure.
Paid by Others
This type of purchase transaction requires additional review because the buyer and seller have a direct relationship.
Non-arm’s-length transaction
This action must be taken after making changes to loan figures and before sending closing documents.
Rocketing the loan
This ARP step moves the conversation toward resolution by explaining next steps and ownership.
Pivot
This rider addresses how the mortgage is registered electronically after closing.
MERS Rider
This tracking item status indicates the Closing Specialist has reviewed the CD and needs changes from the closing agent.
Revision Requested
On an FHA loan, this change late in the process can trigger additional review and delay closing if not handled correctly.
Change to vesting
This determines whether a loan can be pulled back after documents have already been sent.
Whether the wire has been sent
When a closing agent cannot balance to Rocket’s wire, this document should be sent to help resolve the issue.
Closing Disbursement Instructions
This document protects Rocket by verifying borrower identity when name variations appear across loan documents.
Signature/Name Affidavit
This loan status confirms that the wire has already been sent.
Draft-Honored Warehouse
This certification is included in the closing package to confirm the FHA borrower was not given additional funds to purchase.
FHA Settlement Certification