What is Mortgage Closing? Mortgage closing as a process is often labeled as ‘complex.’ It requires lenders to submit multiple mortgage closing documents like transaction details with an itemization of closing costs and fees. It is a necessary process that needs to be executed within a stipulated deadline with extreme precision. The revamped mortgage closing process is comparatively stringent, and levies sharp penalties on violators. Lenders must safeguard the integrity of borrower’s data, as evident…
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