CLOSING DOCUMENT REVIEW CHECKLIST

Created by ChecklistGuro (https://checklistguro.com)


--- LOAN DOCUMENTS REVIEW ---
[ ] Loan Amount
[ ] Loan Type (Conventional, FHA, VA, USDA, Other)
[ ] Loan Origination Date
[ ] Notes on Loan Terms/Conditions
[ ] Loan Estimate (LE)
[ ] Interest Rate Type (Fixed, Adjustable)
[ ] Interest Rate
[ ] Any discrepancies observed between the Loan Estimate and final Loan Documents?

--- TITLE COMMITMENT & SURVEY REVIEW ---
[ ] Review Title Commitment
[ ] Summary of Title Exceptions
[ ] Are there any recorded easements? Select all that apply. (Yes, Utility Easement, Yes, Access Easement, Yes, Drainage Easement, No, No Easements)
[ ] Verify Easement Width (in feet)
[ ] Describe any discrepancies between the legal description in the Commitment and the deed.
[ ] Is the survey plat attached? (Yes, No)
[ ] Notes on Survey Findings (e.g., encroachments, boundary discrepancies)
[ ] Does the legal description match the survey plat? (Yes, No)

--- CLOSING DISCLOSURE (CD) VERIFICATION ---
[ ] Loan Amount
[ ] Interest Rate
[ ] APR (Annual Percentage Rate)
[ ] Estimated Monthly Payment (Principal & Interest)
[ ] Estimated Monthly Payment (Escrow - Taxes & Insurance)
[ ] Total Closing Costs
[ ] Does the CD accurately reflect the LE? (Yes, No, Not Applicable)
[ ] Explanation of any discrepancies between LE and CD (if applicable)

--- DEED & LEGAL DESCRIPTIONS ---
[ ] Grantor Name(s)
[ ] Grantee Name(s)
[ ] Legal Description (Complete)
[ ] Summary of Legal Description (for quick reference)
[ ] Lot Number (if applicable)
[ ] Type of Deed (Warranty, Quitclaim, etc.) (Warranty Deed, Quitclaim Deed, Special Warranty Deed, Other - Specify)
[ ] Upload copy of legal survey (if available)
[ ] Is the legal description consistent with the title commitment? (Yes, No, Not Applicable/Unable to Verify)

--- ESCROW INSTRUCTIONS & AGREEMENTS ---
[ ] Escrow Agent Name & Contact Information
[ ] Escrow Instructions - Review for Completeness
[ ] Escrow Fee Amount
[ ] Copy of Escrow Agreement
[ ] Wire Transfer Instructions Received? (Yes, No)
[ ] Date of Escrow Agreement
[ ] Special Instructions/Contingencies related to Escrow
[ ] Funds Disbursal Authority Granted? (Yes, No)

--- AFFIDAVITS & CERTIFICATIONS ---
[ ] Transfer Affidavit - Accuracy of Property Information? (Accurate, Minor Discrepancy, Significant Discrepancy - Requires Review)
[ ] Spousal Consent - Required? (Yes, No, N/A)
[ ] Spousal Consent Form (if applicable)
[ ] FIRPTA Affidavit - Required? (Yes, No, N/A)
[ ] FIRPTA Affidavit (if applicable)
[ ] Identity of Signatories Verified?
[ ] Date of Affidavit Execution
[ ] Reviewer Signature

--- TAX & INSURANCE DOCUMENTS ---
[ ] Property Tax Amount (Current)
[ ] Next Property Tax Due Date
[ ] Description of Insurance Coverage (Homeowners/Hazard)
[ ] Insurance Premium Amount
[ ] Insurance Policy Effective Date
[ ] Flood Insurance Required? (Yes, No, Pending Determination)
[ ] Copy of Hazard Insurance Declaration Page

--- HOA/CONDO DOCUMENTS (IF APPLICABLE) ---
[ ] HOA/Condo Docs Received? (Yes, No, Pending)
[ ] HOA/Condo Governing Documents (CC&Rs)
[ ] HOA/Condo Financial Statements (Most Recent)
[ ] Monthly HOA/Condo Fees (Amount)
[ ] Summary of Special Assessments (if any)
[ ] Review of Rental Restrictions (Reviewed & Compliant, Reviewed - Further Review Needed, Not Reviewed)
[ ] Notes on any Outstanding Litigation/Pending Actions related to HOA/Condo

--- FIRPTA COMPLIANCE (IF APPLICABLE) ---
[ ] Is FIRPTA Applicable? (Yes, No)
[ ] Seller's Residency Status (if applicable) (U.S. Person, Non-U.S. Person)
[ ] Description of Seller's Connection to the U.S. (if Non-U.S. Person)
[ ] Sale Price of Property
[ ] Withholding Percentage (if applicable)
[ ] Supporting Documentation (e.g., Passport, Tax Identification Number)
[ ] Explanation of Withholding Exemption Claim (if applicable)
[ ] Date Withholding Certificate Received (if applicable)

--- CLOSING STATEMENT/SETTLEMENT ---
[ ] Total Purchase Price
[ ] Loan Amount
[ ] Down Payment Amount
[ ] Closing Costs (Total)
[ ] Seller Credits
[ ] Funds Disbursed to Seller
[ ] Funds Disbursed to Lender
[ ] Description of any discrepancies found
[ ] Reviewer Signature

--- END OF TEMPLATE ---
Transform this text into a digital, automated, and trackable mobile app!
Visit: https://checklistguro.com/templates/inspection-management/closing-document-review-checklist
(Click "Install Template" to launch your digital inspection tool immediately)