Initial Closing Disclosure

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  • #66795

    On to the next step.. we got our Initial Closing Disclosure today, so things are moving along. We’re 24 days out from closing, but I did notice two errors on our Disclosure, so I hope that’s relatively easy to fix. I guess we’ll see!

    #66807
    djcwill09
    Member

    Congrats! They try to get close to your true closing costs, but the numbers will adjust again. Hopefully some of us who are waiting for some action will hear something this week too. I’m hoping for CTC & Final CTC. But I’m glad to hear your file is moving.

    #66809
    Peapod0609
    Member

    Make your MC and/or closing coordinator aware of any errors, but sometimes it is not a big deal. I noticed some discrepancies with my disclosures as well, and they ended up getting fixed. The info is not always correct as it is always changing until the day you close.

    You may notice that a few items are incorrect, but they should be finished by the time you get your final disclosure, right before closing.

    #66810
    TTrumble
    Member

    Hello BakerTheBaker,

    That’s why it’s the Initial Closing Disclosure. It’s the opportunity to see at a glance where everything is standing and what needs to be dealt with or adjusted.

    Just talk with your counselor regarding anything you think is amiss, but for the most part, just let the process work and you’ll be okay.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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