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When Should I Be Able to View the HUD-1 Statement? Industry Standard Timeframe

Super Contributor

Re: When Should I Be Able to View the HUD-1 Statement? Industry Standard Timeframe

you get the hud-1 when it is ready

 

can be 1 minute before closing or 2 weeks before closing.

 

problem is, easy loans get pushed to the side sometimes in an effort to manage the loan pipeline.... so an easy 2 week deal takes 3 because someone else's hard deal needs more underwriter attention. for this reason, the hud-1 comes out last minute usually.

 

your lender can better answer your question

 

Retired Lender
Message 11 of 13
Regular Contributor

Re: When Should I Be Able to View the HUD-1 Statement? Industry Standard Timeframe


DallasLoanGuy wrote:

you get the hud-1 when it is ready

 

can be 1 minute before closing or 2 weeks before closing.

 

problem is, easy loans get pushed to the side sometimes in an effort to manage the loan pipeline.... so an easy 2 week deal takes 3 because someone else's hard deal needs more underwriter attention. for this reason, the hud-1 comes out last minute usually.

 

your lender can better answer your question

 


Thanks Dallas.  So is it the underwriter that is responsible for completing the HUD-1?


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Message 12 of 13
Frequent Contributor

Re: When Should I Be Able to View the HUD-1 Statement? Industry Standard Timeframe

The title company prepares the HUD.
Message 13 of 13