First Funding Blog

Full Menu Fulfillment

This a permitted service level wherein the Fulfillment Service Provider (“FSP”) carries out its complete suite of fulfillment services including: pre-closing supporting document audit, closing document & closing instruction preparation, closing document compliance certification, settlement agent (“SA”) management, settlement statement management & approval, funding request preparation & submission to warehouse lender, funding compliance certification, funding disbursement authorization, attorney review services (where required by state law or as requested), custodial services, post-closing closing document imaging & upload to warehouse lender & secondary market investor, post-closing delivery of original closed loan package to secondary market investor via traceable method, post-closing investor purchase condition monitoring/management, tracking of delivery of investor’s required trailing documents for up to 60 days following loan closing.