• Purchase Loan Support. The Legal Intern assists Real Estate Attorneys, Compliance Specialists, and Closing Consultants in reviewing all title requirements and resolving title exception issues for purchase loans. The Legal Intern works with the Purchase Loan Closing Manager to obtain and review pre-closing packages from sellers’ attorneys and draft sellers’ closing disclosures. The Legal Intern performs post-closing review of files returned from external settlement agents and witness only closings, including communicating with settlement agents about missing documents and updating error tracking report. On occasion, the Legal Intern performs witness only closings, as needed.
• Refinance Loan Support. The Legal Intern requests and reviews releases from existing lenders for unreleased deeds of trust for all refinance closings and subordination and/or modification agreements from credit line lenders for refinance closings. The Legal Intern assists closing consultants in reviewing all title requirements and resolving title exception issues for refinance loans, including providing guidance on resolving judgement lien issues. The Legal Intern also performs a legal review of loan closing packages and prepares those packages for the closing ceremony. On occasion, the Legal Intern may perform refinance loan closings, as needed.