Loop review process

Loop review process

The general loop review process is:

  1. Submit initial Docs within 48 hours of execution. Submit listing docs within 48 hours of execution. There is NO need to share the listing agreement with the broker for initials/signature; compliance will take care of it. 
  2. Be sure all documents are fully executed and all required documents are in the proper placeholders. 
  3. Mid Transaction Docs ( fill CDA and Submit ASAP, but at least 5-10 days before closing)
  4. The reset 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! 



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