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Correspondent Closing Procedures

(C clients)

Upon receipt of the “Clear-to-Close”, you may schedule the closing by e-mailing CorrScheduling@afrwholesale.com.

Note: All loans will be scheduled within 24 to 48 hours of the Clear-to-Close being issued.

Once the loan is assigned to a Wholesale Scheduler, an e-mail will be sent out to you and the Account Executive with the assigned AFR Closer’s contact information and a confirmation of the scheduled date of closing/signing. The e-mail from the Wholesale Scheduler will request that you provide the assigned Closer with:

  1. the title company information,
  2. an e-mail address on where docs should be sent,
  3. any /all questions or concerns you might have on your closing documents, and
  4. requests to be cc’d on the documents and/or e-mails that are sent out to title/escrow

The Closer is responsible to communicate the broker and the closing agent. Two e-mails are sent from the Closer at the time closing documents are sent:

  1. One with the password for retrieval of the docs
  2. One with the closing package to title/escrow
  3. One as a conformation e-mail that they have received closing docs, along with additional docs for closing
Closing Agents

Please click the button to the right to access our Closing Documents Coversheet with instructions on how to deliver closing packages to AFR.

Closing Documents Coversheet

If you have any questions or problems, please contact our Post Closing Team via email at PostClosing@AFRwholesale.com.

Important

  • All purchases and/or refinances are required to be at title/escrow company within one day prior to the day of the scheduled loan date.
  • Broker demand and/or fee sheets are not required. Closing docs are drawn off of the final GFE and any/all invoices that have been submitted to the Account Manager prior to the Clear-to-Close being issued.
  • AFR utilizes a 3rd party document prep company in for all mortgages on a subject property in Texas and Louisiana; these loans require 48 hours to generate a closing package.
  • All escrow state closings are required to have:
    • the closing package returned to AFR prior to funding, and
    • an e-mail conformation from the escrow officer to confirm the date that the mortgage is ready to be recorded and funds are ready to be disbursed prior to releasing the wire.
  • Contact AFR’s Funding Department at funding@afrmortgage.com for conformation of funds being released.
  • Correspondent Funding Procedures 

Trailing Docs

Send original final/trailing docs to:
American Financial Resources, Inc. C/O DocProbe
1820 Swarthmore Avenue
PO Box 2131
Lakewood, NJ  08701