The completions service is available on bridge and term refinance applications and uses the lender’s dual legal representation, title insurance, and digital documentation through DocuSign.
To qualify for the 48-hour refinance completions service, applications need to be refinance-only, be dual represented with Russell Cooke, qualify for title insurance, have a valid valuation and up-to-date redemption statement and be able to have all qualifying documentation signed through DocuSign.
Anna Lewis, commercial director at Castle Trust Bank, said: “Speed and certainty are just as important between offer and completion as pre-offer and our new 48-hour refinance completion service commits to delivering both. It’s a perfect example of how we’re using smart processes and trusted partnerships to make a real difference to brokers and their clients.
“We’ve already proven that we can move from offer to completion in just nine hours when all the right conditions are met. Now, with this new service, we’re offering brokers a clear and dependable route to fast-track refinance, committing to a 48-hour turnaround without compromising on diligence or service.”
Mark Toland, senior associate at Russell-Cooke Solicitors, added: “We’re really pleased to be able to work closely with Castle Trust Bank to deliver this streamlined process. Our dual representation model helps us to eliminate many of the delays typically associated with loan completions, giving clients the speed they need.”
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