Being clear to close (CTC) means that you have satisfied all conditions for your mortgage lender. They include: underwriting conditions for the borrower, such as updated bank statements
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Clear to Close Issued. When your loan officer calls to say your loan is Clear to Close (CTC) that means the underwriter has approved all documentation necessary for the title company to schedule the closing and start drafting the Closing Disclosure. But it isn’t a guarantee your loan will close.
Once you close on your mortgage, you are free to do what you want with your credit, but until then, keep things as consistent as possible. Mortgage Lenders Look for Inquiries When They Pull Credit One last thing lenders look for when they pull credit prior to the closing is how many inquiries you have on your report.
Clear to close is one of the final stages before your loan is funded. CTC means that the underwriter has reviewed and approved all necessary documents and you’ve passed with flying colors. In other words.the lender is ready to show you the money! Example: a NewCastle customer who applied 11/9 received a clear to close on 12/8 – just one month later.
Hopefully you have your Clear to Close by now! Usually you get it at least 1 busines day in advance of the closing. Speak to your LO – they will be able to tell you exactly where you are and if the Monday closing is still viable.
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Intermediaries’ case load volumes have increased steadily over the last three quarters, returning to an average of 87 per.
How soon did you close after your "clear to close"? I sent all of my conditions to the loan officer on Thursday and he said he sent them to the processer and that it should take 48 hours to hear back from the underwriter.
As mortgage-bond refinancing auctions came to a close in Denmark, it was clear that homeowners in the country were about to get negative interest rates on their loans for all maturities through to.