Closing Disclosure

A Closing Disclosure is a form that provides final details about the mortgage loan selected. FinConnect provides the final details about the mortgage loan selected. It includes the loan terms, monthly payments, how much amount to be paid as fees, and other costs to get the loan (closing costs).

The lender is required to give the Closing Disclosure at least three business days before closing on the mortgage loan. This three-day window allows to compare final terms and costs to those estimated in the Loan Estimate that previously received from the lender. The three days also gives time to ask lender any questions before reaching the closing table.

Services Offered

• Add Disclosure

• Update Disclosure

• Save Disclosure

• Remove Disclosure

• Get Disclosure

• Get Audit Report

• Audit Loan Data

• Save Loan Data

FinConnect supports Closing Disclosure Services through:

• Compliance Analyser

For more details refer: