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When you are so close to the finish line, it can be easy to overlook these important steps. What happens at the closing? Who needs to be present at the closing? How can I lock in my rate?

All of these are common questions when navigating the home loan process. Take a look at the Frequently Asked Questions below to see if your question can be quickly answered, or give one of our loan officers a call today!

Closing & Beyond FAQs
How do I lock my rate?
Please contact your Callaway Bank loan officer.
If I apply, where will the closing take place?
We’ll schedule your closing usually at one of our branches near your home for your convenience. Sometimes we may use another location such as a title company office if necessary.
I won’t be able to attend the closing. What other options are there?
If you won’t be able to attend the loan closing, contact your Loan Officer to discuss other options. If someone you trust is able to attend on your behalf, you can execute a Power of Attorney so that this person can sign documents on your behalf. In other cases, we’re able to mail you the documents in advance so that you can sign them and forward them to the closing agent. We’re sure to have a solution that will work in your circumstances.
Who will be at the closing?
Your loan officer or one of our team members will be there to assist and answer any questions you have. If you are purchasing a new home, the seller may also be at the closing to transfer ownership to you along with the real estate agents and the title company’s agent.
Can I get advanced copies of the documents I will be signing at closing?
The most important documents you will sign at closing are the note and mortgage, sometimes called the deed of trust. Unless there are special circumstances, these documents are usually prepared one to two days before your closing. Other documents are prepared by the closing agent the day before or the day of your closing. If you would like copies of the completed documents to be sent to you after they are prepared, please contact your Loan Officer.
Will I need to have an attorney represent me at closing?
In some areas of the country it is very customary, and sometimes required by law, to have an attorney represent you at the closing. In other areas, attorneys are not as common at a real estate closing. Please contact the closing agent if you have questions about attorney representation. By all means, we recommend that you have an attorney at the closing if it would make you more comfortable. If your attorney has any questions about your new mortgage, please refer them to your Loan Officer. We’d be happy to provide any information necessary.
What happens at the loan closing?
The closing will usually take place at one of our branches or occasionally at the office of a title company or attorney in your area who will act as our agent. During the closing, you will be reviewing and signing several loan papers. Your loan officer or one of our team members will be there to assist and answer any questions you have. If you are purchasing a new home, the seller may also be at the closing to transfer ownership to you along with the real estate agents and the title company’s agent. Just to make sure there are no surprises at closing, your Loan Officer will contact you a few days before closing to review your final fees, loan amount, first payment date, etc. Note This is the document you sign to agree to repay your mortgage. The note will provide you with all of the details of your loan including the interest rate and length of time to repay the loan. It also explains the penalties that you may incur if you fall behind in making your payments. Mortgage / Deed of Trust This document pledges a property to the lender as security for repayment of a debt. Essentially this means that you will give your property up to the lender in the event that you cannot make the mortgage payments. The Mortgage restates the basic information contained in the note, as well as details the responsibilities of the borrower. In some states, the document is called a Deed of Trust instead of a Mortgage. If your loan is a refinance, Federal Law requires that you have three days to decide positively that you want a new mortgage after you sign the documents. This means that the loan funds won’t be disbursed until three business days have passed. The loan officer will provide more details at the closing.
Can I make my monthly payments with an automated debit from my checking account?
Automated monthly payments are available. At the loan closing, an automated payment application will be provided. Simply return it at your earliest convenience to enroll in the automated payment program.

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Russ Marshman

Commercial/Real Estate Lender

Fulton (Downtown)

NMLS#: 842706

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Russ Marshman offers over 20 years of lending experience, which he brought to The Callaway Bank in 2020. The Wisconsin native relocated from Green Bay to Marshall, MO, in 1985 before settling in Fulton in 2019. The commercial and real estate lender is driven to help people realize their dreams and enjoys the commitment to teamwork of the Bank’s lending department.

In his free time, Russ enjoys fishing, riding side-by-sides, and spending time with his family, especially his grandchildren. He also raises golden retrievers and goldendoodles.

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Josh King

Commercial Lender

Fulton (Downtown)

NMLS#: 1658999

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Josh is a Fulton native with a skillful knack in the financial industry. With nine years in the banking industry, he has spent three of those years in lending and six in retail banking all while honing his banking and financial skills.

When he is not crunching numbers, you will find him on the golf course or engaging in a friendly game of conrhole. As an ambassador with the Callaway Chamber of commerce, Josh is deeply connected with the Fulton and Callaway communities.

He thrives in the small-town vibe where he is passionate about assisting local businesses in realizing their dreams. His commitment to his clients is unwavering and prides himself on making the loan process as smooth and stress-free as possible while building strong, everlasting relationships along the way.

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Dave Toczylowski

Mortgage/Commercial Lender

Ashland

NMLS#: 2611216

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Dave Toczylowski has more than 15 years of lending and business development experience. He enjoys working closely with clients to find financial solutions that foster a path to encourage their success and growth.

“Working with a community bank that truly believes in and lives out its mission daily attracted me to The Callaway Bank.”
– Dave Toczylowski

A native Missourian and graduate of the University of Missouri – Columbia, he has enjoyed volunteering over the years with the United Way, Habitat for Humanity, and Missouri Stream Team. His work with Junior Achievement to inspire and prepare young leaders of tomorrow for success is especially gratifying. Toczylowski is also a member of the Walt Beumer Memorial Chapter of the National Wild Turkey Federation and the local chapter of Ducks Unlimited.

A resident of Columbia, he enjoys attending sporting events to support his nieces and nephews and spending time with family and friends. Outside of that, he also loves hunting and fishing and, on a rainy day, can often be found wrapped up in a good crime or historical novel.

Contact Dave today for your Commercial Lending needs!

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Brent Martin

Mortgage/Commercial Lender

Columbia (West Broadway)

NMLS#: 2034083

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NMLS #2034083

Brent’s enthusiasm for helping people reach their goals is exciting to witness. His strong and honest work ethic, combined with his ability to multitask, helps him balance his family, career, and farm goals.

He loves hunting, fishing, and working on the farm with his wife and their three boys while also serving in their church and watching football.

Supporting the United Way and volunteering with Junior Achievement to teach financial literacy to our young people are two significant efforts for Brent.

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Brian Hughes

Commercial/Real Estate Lender, VP

Fulton (Downtown)

NMLS#: 869059

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Brian has been with The Callaway Bank since 2006, serving previously as a Personal Banker at the Main branch and Branch Manager at the South branch. In 2012, Brian transitioned into his current role as a Commercial/Real Estate Lender at the Main bank location in Fulton.

Brian, originally from Hatton, Missouri, graduated from William Woods University with a Bachelor of Science in Business Administration. Brian chooses to give back to his community by serving on the Callaway County United Way Board. During his spare time, he enjoys spending time outdoors, hunting, competitive pistol shooting, and being with his family and friends.

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Mike Wagner

Mike Wagner

Commercial/Mortgage Lender

Columbia (Chapel Hill)

NMLS#: 541794

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