la citiwide escrow

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1 LA Citiwide Escrow presents REO PREMIUM SERVICE Committed to serving discerning REO professionals with a resource for accountable, accurate and timely closings

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Page 1: LA Citiwide Escrow

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LA Citiwide Escrow presents REO PREMIUM SERVICE

Committed to serving discerning REO professionals with a resource for accountable,

accurate and timely closings

Page 2: LA Citiwide Escrow

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LA Citiwide Escrow REO PREMIUM SERVICE

n  LA Citiwide REO Premium Service n  Our goal is to ensure that your transactions need

to close accurately and effortlessly. n  Our mission is realizing that goal. n  Constant communication and reporting ensures

you’ll always know where your transaction is. n  When your company’s strategy is to close REO’s, we aspire to be your valued partner in increasing

your ability to get your job done and increase your company’s ability to process more, thereby increasing profits.

OUR GOAL

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LA Citiwide Escrow

n  Your request for streamlined service includes: n  Concise Communication n  Weekly status updating n  Close contact and clarity to all parties of the transaction n  Closing the transaction vigorously n  Concise and consistent results that support our REO clients to

prosper through success

Years of experience have honed our systems and your ongoing need to produce consistent numbers with an exclusive

department created especially for you:

LA Citiwide Escrow REO Premium Service

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LA Citiwide Escrow

From Start to Close

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LA Citiwide Escrow

REO CLOSING TIMELINE

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LA Citiwide Escrow

LA Citiwide REO Organization Chart n  DATA ENTRY

n  Responsibilities Include: n  Initial File Intake and Data Entry of Information

into our internal systems n  Assists with Routing Inbound and Outbound Mail

n  COMMUNICATION n  Responsibilities Include: n  Initial point of contact for inbound phone traffic as

well as walk in customers and clients. n  Assists with Routing Inbound and Outbound Mail

n  OPENING PHASE OF ESCROW n  Responsibilities Include: n  Package and Delivery of Escrow Instructions n  Ordering of all Reports/HOA and Disclosures

n  ESCROW PROCESSING n  Responsibilities Include: n  Drafting Escrow Amendments n  General Escrow Processing n  Preparing Estimated Hud-1’s

n  PRE CLOSING n  Responsibilities Include: n  Review and Figuring of Loan Documents n  Scheduling of Document Signing

Appointments n  Package and Returning of Loan

Documents

n  CLOSING n  Responsibilities Include: n  Funding Follow Up n  Authorize Recordings n  Figure Closings n  Disbursements

n  ESCROW MANAGER n  Responsibilities Include: n  Calendar of all Escrow Files n  Drafting and/or Review of Escrow

Contracts n  Management Of All Other Posts In

Organization n  Sign Off on Closings Prior to Final

Disbursement

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LA Citiwide Escrow

Reporting

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LA Citiwide Escrow

n Technology

n  Weekly reports can be sent to key individuals in

your company

n  Open Orders n  We accept orders a number of different ways,

email, fax, in person?

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LA Citiwide Escrow

Specific Weekly Reporting As you specify

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LA Citiwide Escrow

n We email a base weekly report to anyone

that you have requested it be sent to

n Our focus is to service you in your

existing systems. We are open to

customizing our reporting or

communication systems to fit your needs.

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LA Citiwide Escrow

REO TRACKING FLOW

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LA Citiwide Escrow

Service Areas

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LA Citiwide Escrow

n  LA Citiwide REO Premium Service can support your Title and Escrow needs in these States.

n Additional States will be coming soon.

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LA Citiwide Escrow

LA Citiwide Escrow REO PREMIERE SERVICE