The team at Weidenbaum & Harari is well-versed in assisting with smooth bank closings by resolving and avoiding the particular challenges borrowers and lenders may encounter in New York loan and mortgage closings. We can handle all aspects of a lending transaction, from the initial greeting of the borrower, through the clearance process, to closing.
In particular, our banking practice has experience in preparing and reviewing:
- Consolidation, Extension and Modification Agreements (“CEMAs”)
- Subordination Agreements
- Recognition Agreements
- UCC Financing Statements
- Many other ancillary loan closing documents necessary to perfect a lender’s security interest
In anticipation of the implementation of the CFPB’s TILA RESPA Integrated Disclosure (“TRID”) requirements, Weidenbaum & Harari has also completed extensive training to make sure that we remain in compliance and continue to provide exemplary service every step of the way.
Our team strives to provide an unparalleled attention to detail along with a thorough understanding of the operational nuances of each lending institution so that we can customize our representation to meet the specific needs of our clients. We work with loan officers and branch managers to keep our clients and the borrowers well-informed throughout the loan process and will readily answer all questions from the borrower or the bank, as we all work towards our common goal of a successful loan closing.