High-Stakes Work in Home Loan Closings

One wrong click on a Service Provider List can cost a mortgage broker thousands of dollars.

The backend of closing a home loan is basically high-stakes detective work. You have to cross-reference

the wire instructions against the original list given to the borrower to see who they actually

hired. If they picked a provider off the list versus going rogue,

it completely changes the fee tolerances. You are even Googling attorneys in Washington to verify licenses.

It looks like boring paperwork, but it is actually the only thing stopping the lender from

eating massive fees at the closing table.