CC_GO_100.3 CMF Loan Documentation and Closing
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011236-WC-WPurchase
This is a commercial/multifamily course.
The agreements, documents, and promises made and executed at the loan closing flow through to the commercial mortgage loan servicer from closing. Nearly all of the actions to be taken over the life of the loan are governed by the terms memorialized in the documents executed at or in connection with the loan closing.
This course will examine the events that occur from the time the loan has been approved through the closing process and their impact on servicing the loan. It begins with a look at the commitment letter that is issued from the lender to the borrower. Next it describes the process of loan documentation and the critical loan documents that are created during this process. The course then explores the role of attorneys in the loan documentation and closing process. Finally, it addresses the loan closing process itself, during which the documents are signed and the loan funds are disbursed.
Seat time approximately one (1) hour.