Closing Disclosure

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  • #35644
    SpecialK1975
    Member

    My closing has been scheduled for Monday. Who does the closing disclosure come from? Does my MC contact the person to make sure it’s sent to me? Is tomorrow the latest I should be receiving it to close on Monday?

    #35646
    ECY2016
    Member

    Yayyyy congrats!!! The CD comes from the bank. NACA will notify you when it has been mailed. You will receive it 3 business days or more before closing. Most likely today or at the latest tomorrow.

    Did you get a confirmation email from your counselor?

    #35647
    SpecialK1975
    Member

    Thanks @ECY2016. No I have not. Tomorrow is the 3 business days I believe.

    #35649
    SpecialK1975
    Member

    How do I wire monies if I need to take anything to closing?

    #35653
    ECY2016
    Member

    Call the title company they should be able to give you all those details. I think you need a cashier’s check. If you want to wire money, your counselor will give you all the details on that as well.

    #35655
    SpecialK1975
    Member

    Is title company same as closing attorney office?

    #35656
    ECY2016
    Member

    Yes, I think it varies by location. But in your case, yes the attorney office would have that information.

    #35657
    SpecialK1975
    Member

    Thank you @ecy2016. I sure hope your file change to CTC shortly. Keep us posted.

    #35659
    ECY2016
    Member

    I sure will! I have been refreshing my browser every 15 minutes! Lol

    The documents have been pulled already. I was able to get the master HOA insurance from the sellers.

    #35660
    SpecialK1975
    Member

    Great. Hopefully the CTC will be in the next 10 minutes or so. I sure hope I get the closing disclosure tomorrow.

    #35661
    ECY2016
    Member

    Hopefully you get is soon too! When they sent me mine, it came later in the evening and they included the tracking number from UPS that the bank gave them.

    #35662
    TTrumble
    Member

    Hello SpecialK1975,

    The CD is generated by the bank and usually comes UPS, FedEx, etc. The law requires three business days between the CD issuance and the closing.

    Nowadays, Saturdays are considered business days, so they could issue as late as Thursday and still have a Monday closing.

    Keep us posted!

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    • This reply was modified 4 years, 1 month ago by TTrumble.
    #35665
    SpecialK1975
    Member

    Thank you Tim. I was surly concerned on how would I know if I need money at closing, and if tomorrow was the final date to receive it. I will keep you all posted.

    #35668
    rosyenigma
    Member

    Congrats @SpecialK1975! Will update on my situation on the other thread in a bit, but I’m glad you got the CD!

    #35675
    SpecialK1975
    Member

    @rosyenigma, I don’t have it yet hun. I hope to get it soon.

Viewing 15 posts - 1 through 15 (of 22 total)
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