When the new Integrated Mortgage Disclosures are implemented in August, the timelines for closings will shift dramatically. Purchase transactions will need at least three additional days to close. In some cases, refinances may not fund for up to two weeks after the Closing Disclosure (CD) is prepared. Watch this four-minute video for additional explanations.

First American Title is streamlining communication with lenders so we can create processes that will allow the preparation of the CD to happen as quickly as possible. Stay tuned to hear updates about what First American Title is doing to help transactions close on time.