Services

MasterCloseTM

Your client’s mortgage deserves the best.
At FNF Canada, we’re homeowners, too. And, just like your clients, we also have mortgages. We understand the shift in the Canadian real estate market, and we were driven to create cost-effective, best-in-class real estate-related services for all Canadians.
Your clients’ mortgages deserve the best; here’s a few things that set us apart:
MasterClose—a mortgage closing, perfected
MasterClose Lesson Plan (a process flow)
You’ve chosen FNF Canada as your service provider—great choice!

Class 1: Intro to MasterClose (getting started)

We’ll start on our assignments (ordering payout statements—if applicable, completing searches, and conducting due diligence) and connect with the lender/borrower if there are any discrepancies.

Class 2: Relationship building

We’ll reach out to the borrower to introduce ourselves and book their signing appointment—we want to find the earliest and best time to meet.

Class 3: Developing and finalizing the package

The signer will receive the signing package from us and get the documents signed.

Class 4: Collaborations

After the signer returns the package,** we’ll request funds from the lender.

Class 5: Final assignments

We’ll fund the mortgage on the closing date and pay out any debts (secured and unsecured).

Graduation

We’ll register the mortgage, and voila! You’ve completed your first masterclass in mortgage closing.

**And we receive any applicable secured payout statements.

Achieve the best closing by following these tips and tricks.

Maturity date

Check it, double-check it, and check it again. We don’t want your client paying any additional fees!

Conditions

Complete them as soon as you can. Different lenders have different processes—they might need to be complete before we involve a signer.

Unsecured payouts

Make sure we have any account numbers or recent statements to confirm payment. If we’re missing this information, it could result in a delay.

Special instructions?

Does your client prefer another language? Or, are they going on vacation, and we need to move the signing date? Let us know as soon as you can—we’re happy to accommodate!

Introduce us

We live in a world where nobody wants to answer a call from an unfamiliar number (which we totally get). Let them know we’ll be reaching out to them shortly after we receive the deal from the lender.

Broker Advisors

Reach out to our friendly and knowledgeable Broker Advisors if you have any questions or concerns! Their goal is to help you and your client achieve the best mortgage closing possible.

MasterClose Lesson Plan (a process flow)
Did a professor ever let you bring a cheat sheet into an exam? Wasn’t it a huge weight off your shoulders? Consider this your cheat sheet for mortgage closings with us.
Delays can happen— here’s our tips on how to avoid the common ones:

1. Request for Statement Authorization (RSA) is missing

We’re missing the RSA—make sure you include it with your submission.

2. Name discrepancy on title

There is a name discrepancy on title—nothing is worse than when the ID they provide doesn’t match what’s registered on title. Was Jim registered on title originally, but James is giving you his brand-new passport as his form of ID?

Here’s the next steps in avoiding a defect:
• obtain a copy of the tax bill to verify the customer’s legal name on title, address, and legal description; or
• if a name change is required, please contact us directly.

3. The mortgage on RFI doesn’t appear on title

The Mortgage on RFI (Request for Insurance) doesn’t appear on the title—this happens when we’re told we need to pay out an existing mortgage from another financial institution, but the search reveals no such mortgage. The reverse can also happen when we find a mortgage on title, but it wasn’t revealed on the RFI. This delays funding as we reconcile the differences in what we’ve found in our search vs what has been provided.

4. Payout Statements

We know this isn’t fair because it’s entirely out of your control. We just wanted to give you a heads up that we use the following guidelines for payout statements:

Major financial institutions and monoline lenders: 5-10 business days
Credit unions and private lenders: 3-5 business days

We provide national coverage through our team of experienced Regional Managers.
General Inquiries
Appraisals
Mortgage Settlement Services
(All Broker Inquires)
FNF IT Support
IT Help Desk
Contact your Regional Manager

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