A licensed title agent should then perform the settlement or escrow process, also referred to as closing or settlement services in some states. Your Loan Officer and your Real Estate Agent will help coordinate this. If purchasing a home, you will be required to bring a cashier's check for the down payment and any other fees to the settlement. In a refinance, fees are typically covered by the loan proceeds. While at the settlement, you will read and sign numerous documents regarding your transaction. As part of the settlement phase, we will wire the loan funds to the settlement agent, which may be a title company, an attorney, or an escrow agent, depending upon the state in which the transaction occurs. The property owner or their lender is paid in full and all fees for all parties are paid. The property's ownership will then transfer from the seller to you.