All ALTA Settlement Statements MUST be uploaded to the opportunity within 24 Hours of closing.
Commission Checks must be delivered to the office the same day as closing or by the next business day at the latest. If the Attorney's office is going to mail the checks please have them send it by next day mail. Please put the check in a closing envelope with the requested information filled out. The envelopes are located in the resource rooms next to the drop boxes. You can also submit the check through bankshot by following the Bank Shot Guide.
Commission Checks will be processed once the Settlement Statement is SUBMITTED and APPROVED.
Traditionally Processed Closings:
All commission checks need to be brought in to the office immediately after closing and the Alta should be uploaded so checks can be processed by the next business day, as long as the contract has been approved and the compliance is complete.
Any file not compliant will result in the agent’s commission check being held until all necessary documentation is received by the broker.