Loan Funding

Once all parties have signed the loan documents, they are returned to the lender who reviews the package. If all the forms have been properly signed, and all loan conditions have been met, then the loan is funded.

This is a process where funds are transferred from the lender by wire transfer to the escrow account.  The escrow company then distributes the funds as directed. If it is a refinance, the old loan will be paid off, all loan fees paid, and anything due to the borrower will be paid out.  In the case of a purchase, funds will be distributed to the seller as well as paying all fees connected with the loan.