Once the loan is approved, the file is transferred to the closing and funding department. The closing department prepares the final loan documents and sends them to the title company. Once received, the title company will prepare the final settlement statement (HUD 1) and contact the client to schedule their signing appointment.

At the closing the borrower should:

• Bring a cashiers check/certified funds for your down payment and closing costs if required. Personal checks are normally not accepted and if they are they will delay the closing until the check clears your bank.
• Review the final loan documents. Make sure that the interest rate and loan terms are what you agreed upon. Also, verify that the names and address on the loan documents are accurate.
• Sign the loan documents.
• Bring identification (drivers license, passport, state ID card)

After the documents are signed, the closing attorney/title company returns the documents to the funding department who examines them and, if everything is in order, arranges for the funding of the loan. Once the loan has funded, the title company arranges for the mortgage note and deed of trust to be recorded at the county recorders office.