Transaction Coordinator — a real day
What a Transaction Coordinator actually is
A TC owns a deal from the moment the Purchase Agreement is fully executed to the moment the deed records — every contingency date, every signature, every party, every dollar that moves. The deliverable is not a clean file or a happy seller. It is a closed deal, on time, every time. Everything else flows from that.
| Phase | You own |
|---|---|
| Day 0 — offer accepted | File opening, party introductions, deadline mapping |
| Days 1–10 | Earnest money tracking, inspection coordination, response amendments |
| Days 10–25 | Loan progress, appraisal, title work, contingency releases |
| Days 25–30 | CD review, final walkthrough, wire verification, closing logistics |
| Closing + after | Funds, signatures, recording confirmed; archiving, anniversary touches |
Your zone starts at the executed contract — pre-listing is the LC's, marketing is the MC's, pre-contract audits are the AC's.
The sweep and the brief — nine deals, five minutes
Systems in order: the transaction platform (every deal, every contingency), Slack, email, today's calendar deadlines, the CRM. You're hunting deadlines inside 7 days, lender updates, title issues, wire requests.
Opening a file — the deadline calendar is the deal
45–60 minutes per file at first; 30 with a template system.
A morning of judgment calls
The Patel chase. If 5pm passes with no Inspection Response, the contingency auto-releases — good for your seller, but if the buyer's agent is late by accident you're courting a dispute. So: email the buyer's agent a dated heads-up, cc your agent, set a 4pm re-check. That's proactive deadline management — flagging things before they break, in writing.
The Roberts appraisal gap. $5K under contract. The buyers' three options: bring cash, renegotiate, or walk if their contingency allows. Your prep: confirm the contingency status in the contract, read the appraisal report for factual errors, build a 3-comp sheet as Reconsideration-of-Value ammunition, and package it for your agent's conversation. Your prep determines what options your agent can actually offer.
The Williams watch. Financing contingency Friday; loan in underwriting. Email the LO for status — and remember no-news is data: a silent LO two days before a contingency is itself a flag.
The master deadline table — print this
| Deadline | Typical timing | If missed |
|---|---|---|
| Earnest money delivery | 1–3 days post-acceptance | Seller can cancel |
| Inspection contingency | 5–10 days | Buyer loses repair leverage |
| Financing contingency | 21–30 days | Buyer must close even if the loan dies |
| Title objection | 5–10 days after commitment | Objections waived |
| CD delivery | 3 business days pre-close | Closing must reschedule — federal TRID rule |
| Final walkthrough | 1–3 days pre-close | Buyer's last chance to flag issues |
| Closing date | Per contract | Possible default |
Closing prep and the quiet files
Anderson closes Thursday: CD delivery confirmed, buyer acknowledgment signed, wires phone-verified with the title officer, walkthrough set, lockbox/sign retrieval booked, sellers' proceeds instructions captured, utilities transfer scheduled, prorations confirmed, gift coordinated with the AC, Just Sold handed to marketing, anniversary touches scheduled. Ninety minutes today buys zero surprises Thursday.
Then the six quiet deals get a 5–8 minute scan each: outstanding signatures chased, pending vendor replies nudged, upcoming deadlines confirmed, anything odd flagged. End the day updating the deal tracker — stage, days to close, outstanding items, next action per deal — and the EOD wrap to your agent.
What kills TCs — and what promotes them
Great TCs
- Run a deadline calendar that is never wrong, updated daily
- Communicate before being asked: "appraisal Wednesday, report expected Thursday"
- Build vendor relationships — title officers prioritize their files
- Know contingency differences across conventional/FHA/VA/cash cold
- Map two Friday closings before they collide
Fired TCs
- Miss a contingency date and waive a client's rights
- Slip a closing over CD timing
- Forward wire instructions without phone verification — fired same day
- Let a silent loan officer stay silent for a week
- Make buyer's agents call three times for a reply
Pay and the path up
Plus $25–100 per closed deal. Milestones: 6 months = 6–8 pending deals unsupervised, on-time closings; 12 = first raise, AC cross-training; 18 = the complex files (multi-family, estates); 24–36 = Closing Manager or Director of Operations.
Do this now
Take this fictional contract and build its deadline calendar: offer accepted Tuesday May 5 · earnest money due in 3 business days · 7-day inspection contingency · financing contingency 25 days · closing June 8 · walkthrough 2 days before close · CD required 3 business days before close. Write every deadline as an actual date, note which are business-day counts, and mark the two you'd set double alarms on.
Save it as tc-deadline-drill. If your dates disagree with a friend's, argue it out — the argument is the training.
Tip: use your ← → arrow keys.