Mortgage Lending · Closing & Post-Closing
Closing disclosure preparation procedures
A step-by-step internal guide for preparing and issuing the borrower's Closing Disclosure before a mortgage loan closes.
What it usually contains
- Timing rules for the three-business-day delivery requirement and when a redisclosure resets it
- Where each figure comes from — title fees, escrow, prepaids, payoff amounts, seller credits
- Reconciliation of the Loan Estimate to the Closing Disclosure and tolerance cure steps
- Review and sign-off checkpoints between the closer, title company, and settlement agent
- Handling of post-consummation corrections and record retention
What the assistant uses it for
Answer questions about who prepares and reviews the Closing Disclosure, what deadlines apply, how fee changes and tolerance violations are handled, and when a corrected disclosure must be sent.
How it is versioned
A document of this type has exactly one current version at a time. Upload a revision and it becomes the version that counts — the one before it is kept and dated, but is no longer what your assistant answers from. Nothing is ever deleted, so you can always show what this document said on a given date.
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