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Final CD and closing

The closing desk that scales.

The Closing Bot handles the closing process from initial instructions to final documents. It validates every loan against your procedures, so files reach the closing table accurate, compliant and ready to fund.

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What the Closing Bot does.

  1. It monitors your pipeline for loans that are clear to close.

  2. It prepares the initial closing instructions for title and the settlement agent.

  3. It validates every data point, fee and document against your procedures and investor requirements.

  4. It catches any discrepancies before the file reaches the closing table.

  5. It prepares the final documents, including the final CD and the closing package.

  6. Exceptions go to your team.

In detail

What the Closing Bot checks on every file.

  • The initial closing instructions, against the file, so there's less back and forth with title and the settlement agent.
  • Every figure on the final Closing Disclosure, against the loan file, the final fees and the last disclosure.
  • The relevant documents in the file, read and compared with the loan data, so the note, the deed of trust and the CD agree with each other.
  • The closing package, so every document your procedures and your investors require is there, complete and consistent with the file.
  • Conditions and third-party items, so everything that has to be cleared before funding is cleared.

What your team will notice.

  • Accurate closing packages.

    Data, fees and documents are validated against your procedures on every file.

  • Fewer delays at the table.

    Problems are flagged before closing day, so your closers aren't fixing them at the table.

  • Month-end without the overtime.

    Your closers review the exceptions instead of every line, however many files close in the last week.

  • A record of everything it did on every file.

    Every action is in the audit log, so your team and your auditors can see what the Bot did and why.

Set up to your procedures.

  • Your procedures

    Set up to the way your team works, inside your LOS.

  • Quality monitoring

    Silverwork monitors quality for you, every day.

  • Adoption reports

    Your managers see how much of the job the Bot is completing and where the team still steps in.

  • Fine-tuned after go-live

    Improvement doesn't stop at go-live. We keep refining the Bot so it handles more and more of your files.

Every role

Bots for the rest of the loan.

The Closing Bot covers the final CD and closing. Each of our other persona-based Bots takes on another role in the loan.

Book a demo of the Closing Bot.

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