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Loan Closing Service in Korea is a complicated, time-is-of-the-essence, process that requires delicate balance of expertise and processing infrastructure. Because there is no escrow system in Korea, the loan closing service must run on a tightly controlled efficiency driven system in order to minimize risk to borrower and the lending institute. Furthermore, due to projected increase in shear volume of the loan closing service cases, an automated system that covers the entire nation with extensive network of local judicial scriveners handling necessary basic leg-work is essential.
In addition, the portions of loan closing service such as title right search-interpretation and subsequent recording are functions that are mandated by law to be handled exclusively by attorneys or judicial scriveners because of the service¡¯s legal nature and liabilities.
Hanul, we complete your lending!!!!
