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TWO TYPES OF HYBRID CLOSINGS:

Hybrid Close with eNote: Note is signed virtually in the ePackage

• Available for conventional, FHA and VA loans
• Notarized documents are signed in person; all others are signed virtually

Hybrid Close with Paper Note: Note is signed in person

• Available for USDA loans and non-agency
• Notarized documents and the Note are signed in person; others are signed virtually

Note: Correspondent partners are eligible for both Hybrid Closing types but must fulfil document or eVault requirements associated with the specific type. 

HYBRID CLOSING PROCESS OVERVIEW:

BROKER'S RESPONSIBILITIES:

• Complete all To-Do list items, generate the final closing package and start the closing process
• Inform borrowers and closing agent of what to expect and eSign the necessary documents
• Attend the in-person signing session (optional)

SETTLEMENT AGENT'S RESPONSIBILITIES:

• Print the wet sign closing package
• Attend the in-person signing session with the borrower
• Upload the fully executed final closing package to the SAP
• Request the wire in dry states

BORROWER'S RESPONSIBILITIES:

• eSign documents via EASE Docs on the loan’s scheduled closing date
• Attend the in-person meeting with the Settlement Agent to sign the final closing package

STEPS FOR A SUCCESSFUL HYBRID CLOSE:

BEFORE THE CLOSING DATE:

• Click the Start Hybrid Close button
  
  • If the button is clicked more than once, the previous package will expire, requiring re-signing

ON CLOSING DAY:

• All documents must be signed between 6:00 a.m. and 11:59 p.m. ET on the scheduled closing day, or they will expire
• Use the Hybrid Tracker in UClose to monitor the signing status

POST-SIGNING:

• Documents will be transferred into the system after the signing is complete

SUPPORT:

For additional support, contact Closing Assist at (800) 981-8898 Ext. 4700 or submit an escalation.