What is the primary role of the closing agent in a mortgage transaction?

The primary role of the closing agent in a mortgage transaction is to facilitate the closing process and ensure that all necessary documents are signed. This responsibility encompasses a range of vital tasks, including coordinating the meeting between the buyer, seller, lenders, and any other parties involved, ensuring that the transaction adheres to legal requirements, and that all financial aspects are properly handled.

The closing agent is responsible for preparing and reviewing closing documents, such as the settlement statement, which outlines the financial details of the transaction, and ensuring that all parties understand what they are signing. By efficiently managing this process, the closing agent plays a crucial role in ensuring the smooth transfer of ownership and the completion of the mortgage transaction.