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Mortgage commitment

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Established Member

Mortgage commitment

I received my mortgage commitment today. How long does it usually take to get the clear to close after the commitment? The only thing listed as a clear to close condition is "loan compliance". What does that consist of?
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Moderator Emerita

Re: Mortgage commitment


@All_the_edges wrote:
I received my mortgage commitment today. How long does it usually take to get the clear to close after the commitment? The only thing listed as a clear to close condition is "loan compliance". What does that consist of?

loan compliance = quality control

Just one more check to make sure all your docs are in order (verifications etc) It is a standard step to make sure there isn't any fraud.

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Established Member

Re: Mortgage commitment

Thanks for the info @startingover10! Im just trying to make sure I don't let myself get prematurely excited!
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New Visitor

Re: Mortgage commitment

Congrats!  You are almost there!

 

 


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