Closing is the period of time after a loan is underwritten and approved. The borrower has been issued a commitment letter (commitment to lend) by the lender and must supply all documents required for closing in order for the loan to fund.
Closing is the period of time after a loan is underwritten and approved. The borrower has been issued a commitment letter (commitment to lend) by the lender and must supply all documents required for closing in order for the loan to fund.