When we have long close of escrows, we often get loan documents to title days or even weeks before the close of escrow. Sometimes realtors then want to move up the slated close of escrow date.

This, however, is much easier said than done. All of our loan documents and approvals are based on a set closing date. If the date changes, we might have to redraw documents or even go back to underwriting.

For example, our approvals are based on specific “cash to close” numbers, and if the per diem interest amount increases, we could need an updated underwriter approval.

Also, our “evidence of insurance” has a specific effective date, and sometimes getting large insurance companies to move it forward can be very difficult.

There are other issues too involving CD dates, waiting periods per TRID, etc.

We are always happy to do what we can to accommodate an earlier close, but the key takeaway is that there is much more than meets the eye when it comes to setting closing dates.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 310167

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