There is always a â€œclosing agentâ€ aka â€œsettlement agentâ€ in a real estate transaction. This closing agent orders loan checks and payoffs, makes sure the lender criteria has been satisfied, receives and disburses funds, completes all forms required for the transfer of title, recording of deed and reporting to the IRS. Each state governs who can or cannot qualify to be a settlement agent. In some states, real estate brokers may act as the settlement agent. Title companies are often the closing agents, and the title companies have their staff attorneys review documents. In NJ, it is common for attorneys to be the actual closing agent who receives funds, disburses the funds, and prepares the documents.
I assume that what you have read is that the sellerâ€™s attorney will be the closing agent. This does not mean the sellerâ€™s attorney is representing you by reviewing the contract terms, negotiations or providing guidance to you. The function of closing is one of administration and compliance. You can, and would be well advised to hire your own counsel and/or Realtor to represent you and guide you through the transaction. The Realtor or attorney who represents you will look out for your interests, provide advice, and explain each step.
Best of luck to you in your transaction.
PS.... Both prior answers gave good advice about the mortgage! I agree.