Loan settlement checklist
Checklist template
Check this template against your local regulations and your own policies before you use it.
- Business
- Location
- Date
Settlement
From unconditional approval to settlement
| Done | Task | Notes | Initials |
|---|---|---|---|
| Approval and documents | |||
| Send the client the unconditional approval and explain any conditions | |||
| Check the loan documents are issued and match the approval | |||
| Help the client sign and return the documents | |||
| Before settlement | |||
| Clear every pre-settlement condition | |||
| Check building insurance is in place if the lender needs it | |||
| Confirm the settlement date with the lender and the conveyancer | |||
| Confirm the client’s funds to complete and how they will be paid | |||
| After settlement | |||
| Confirm settlement with the lender and tell the client | |||
| Check the first repayment date and the account set-up with the client | |||
| Book the first annual review | |||
- Completed by
- Checked by (manager)
- Date
- Notes
