Sentences with phrase «contractual closing date»

Due to increased appraisal turn - times and significant overhaul to updated loan disclosure forms and regulatory waiting periods, best industry practice is to add 15 days to standard 30 day timelines for non-cash buyers that require mortgage financing (i.e. contractual closing date of approximately 45 days if no additional contingencies or requirements).

The date in the signed document is the contractual closing date.

Not exact matches

Closed - end retail loans that become past due 120 cumulative days and open - end retail loans that become past due 180 cumulative days from the contractual due date should be classified Loss and charged off.

• Open - and closed - end retail loans past due 90 cumulative days from the contractual due date should be classified Substandard.

Maintain constant communication with agents, loan brokers, lenders and escrow holders to ensure that all files close on or before the contractual close of escrow date.