Escrow and Closing

Lender directions telling the closing party how to complete, document, and fund the mortgage transaction.

Set of mortgage, title, escrow, and disclosure documents signed or reviewed at closing.

Release of mortgage closing funds to sellers, lenders, agents, and other parties after funding conditions are met.

Closing document that tells the borrower when and where the first mortgage payment is due.

Lender approval for the closing agent to release mortgage funds after final conditions are satisfied.

Disclosure showing the starting escrow account deposits and projected tax and insurance payments.

Closing affidavit used to clarify borrower name variations in mortgage and title records.

Closing affidavit used to connect a borrower's signatures and identity across mortgage documents.

Escrow-account adjustment on closing disclosures that prevents the initial escrow deposit from being overstated.

Mortgage charge some lenders collect when a borrower submits or starts a loan application.

Mortgage charge tied to ordering or obtaining the property valuation used by the lender.

Loan Estimate cost section for required mortgage services where the borrower may be able to choose the provider.

Loan Estimate cost section for required mortgage services where the borrower generally does not choose the provider.

Cash to close is the total amount of money the borrower must bring or wire to complete the mortgage transaction.

Mortgage charge tied to obtaining the borrower credit information used in qualification and underwriting.

An earnest money deposit is a good-faith deposit made with an offer to show serious purchase intent.

An electronic signature is a digital signature method used for eligible mortgage documents during disclosure review or closing.

Mortgage loan-cost line item tied to checking whether a property has a lender flood-insurance requirement.

A hybrid closing is a mortgage closing where some documents are signed electronically and others are signed or notarized in person.

Closing charge for the title insurance policy that protects the mortgage lender's secured interest.

Loan Estimate and Closing Disclosure cost section for charges tied to getting the mortgage itself.

Loan Estimate and Closing Disclosure cost section for taxes, prepaids, escrow setup, and other non-loan-cost items.

Closing charge for the title insurance policy designed to protect the buyer's ownership interest.

Closing amount paid in advance so homeowners insurance coverage is active for the mortgage closing.

Prepaid items are closing amounts collected in advance for expenses such as taxes, insurance, or daily interest that relate to the period right after closing.

Property-tax amounts collected at closing to cover tax timing, escrow setup, or near-term tax obligations.

Mortgage loan-cost line item tied to handling and preparing the borrower file for review and closing.

Remote online notarization is a digital notarization process used when mortgage closing documents are signed and notarized online.

Settlement costs are the charges associated with completing the mortgage settlement and property transfer.

Closing charge tied to coordinating the settlement, document handling, and final transaction mechanics.

Closing charge for property survey work that may help confirm boundaries, improvements, or title-related facts.

Mortgage loan-cost line item tied to monitoring property-tax information for the lender or servicer.

Closing charge for an endorsement that changes or adds specific coverage to a title insurance policy.

Closing charge for title insurance policy coverage connected to a mortgage or property transfer.

Closing charge tied to reviewing public records for ownership history, liens, and title issues.

Government charge that may apply when ownership of real property is transferred at closing.

Mortgage loan-cost line item tied to the lender's review of borrower, property, and program risk.

A wet signature is a handwritten ink signature on a paper mortgage document, often used when electronic signing is not enough.

A notary signing agent is the closing professional who verifies identity and witnesses mortgage-document signatures.

A closing attorney is the lawyer who coordinates or oversees the closing process in states where attorney involvement is customary.

The HUD-1 Settlement Statement was the older mortgage closing form that itemized final charges before the Closing Disclosure became the modern standard.

An initial escrow deposit is the money collected at closing to seed the lender-managed account for taxes and insurance.

Wire fraud is a scam that tricks a borrower into sending closing funds to the wrong account.

Closing is the final mortgage transaction stage in which documents are signed, funds are coordinated, and ownership transfer moves toward completion.

Closing costs are the fees and charges required to complete a mortgage and property transfer.

The closing date is the scheduled day on which the mortgage transaction is expected to be signed, funded, or otherwise completed.

The Closing Disclosure is the final mortgage disclosure that shows the borrower the settled loan terms, projected payments, and closing figures.

An escrow account is a lender-managed account that collects part of the monthly payment for taxes, insurance, and related housing charges.

Mortgage escrow and closing terms that explain disclosures, cash needs, deadlines, and final transaction mechanics.

A final walk-through is the buyer's last check of the property before closing to confirm its expected condition and status.

The closing step when loan proceeds and other closing funds are authorized for disbursement so the transaction can settle.

The Loan Estimate is the early mortgage disclosure that outlines projected loan terms, payments, and closing costs.

A settlement agent is the person or company that coordinates the closing process, documents, and money movement for a real-estate transaction.

Closing step where the borrower and other parties sign the final mortgage and transfer documents before funding and recording finish the deal.

A title company is the firm that helps handle title review, title insurance, and often key parts of the closing process.

A wire transfer is the electronic movement of funds often used to deliver closing money or pay off an existing mortgage.

An appraisal contingency is a contract condition that protects the buyer if the property's appraised value does not support the agreed deal.

A contingency is a contract condition that must be satisfied, waived, or resolved for a home purchase to proceed as planned.

Escrow is a neutral holding arrangement used to manage money or documents until mortgage and purchase conditions are met.

An escrow holdback is money kept back at closing to cover a required repair, unfinished work, or another post-closing condition tied to the transaction.

An escrow waiver allows the borrower to pay certain property charges directly instead of funding them through a lender-managed escrow account.

A mortgage contingency is a contract condition protecting the buyer if financing cannot be obtained on the agreed terms.

Prorations are closing adjustments that divide certain ongoing property expenses or credits between buyer and seller based on timing.

A recording fee is the government charge for filing deeds, mortgages, or related documents in the public record.

Seller concessions are seller-paid contributions toward the buyer's closing-related costs, subject to transaction and loan-program limits.