Loop Review Process - When to Submit for Review

Loop Review Process - When to Submit for Review

Loop Review Process - When to Submit for Review

  1. Listing Folder
    • As soon as your Listing Folder is complete (all required documents are in the placeholders and all documents are signed by all parties),  submit it immediately.
    • Do not hold it—compliance cannot review anything that hasn’t been submitted.

    Initial Offer Folder
    • Once the Initial Offer Folder is complete (all required documents are in the placeholders and all documents are signed by all parties), submit it right away.
    • As with all folders, compliance reviews begin only after submission.

    Updating Previously Submitted Folders
    • If you add any new documents to a folder that was already submitted—such as addenda, price changes, repairs, or contract modifications—you must resubmit that folder.
    • Resubmitting alerts compliance that new items need review. If you do not resubmit, nothing will be rechecked.

    Mid-Transaction Folder
    • Do not submit this folder prematurely.
    • Submit your Mid-Transaction Folder after the due diligence and inspection period has ended and you are confident the price, terms, and your commission amount are final.
    • Submitting too early often results in corrections later if terms change, which delays approval.

    CDA (Commission Disbursement Authorization)
    Submit the CDA as early as possible.
    • CDAs typically take 2–3 business days to process.
    • Last-minute submissions cannot guarantee fast turnaround, even if escalated.
    • Early submission ensures the CDA is completed and signed well before closing.

     

  2. The rest is automatic. You will know the CDA is ready for you to send to title when the folder is labeled “CDA Signed by Broker-Folder Complete.” We will keep you updated along the way. Here are the steps you will see taking place after you have submitted your mid-transaction documents for review with the filled and signed CDA:
    1. As soon as your docs are successfully reviewed, your CDA will begin processing.  Your folder will be labeled “Processing CDA”
    2. Accounting will review the CDA within two business days of receipt and send any required corrective action notes.
    3. Once  the CDA is approved by accounting, it will be signed by the Broker, and your folder will be labeled “CDA Signed by Broker-Folder Complete.”
    4. Once you receive notice that the CDA is signed, you can then share it with the title company or closing attorney/company. 

 We hope you are doing great!