12/31/2025
Last recording of 2025! 🎉
I took over this condo purchase loan less than 2 weeks ago when the first lender couldn’t close on time even with the unilateral extension. I told the agent we should be able to close with the extension, and may not even need it if all goes well.
Here’s how it played out:
We submitted the application, got the initial disclosures sent out and signed, and got the conditional approval all in one day.
Fortunately, we had the condo docs and the condo was already approved by Fannie Mae. We also got an appraisal waiver. Because we had submitted with most of what was required upfront, the underwriting conditions were clean.
We submitted the conditions and got final approval the next day, so we were cleared to close 2 business days after getting the loan!
The only reason we waited was due to TRID timing rules, the Christmas holiday, and everyone wanting a 12/31 recording. Still, having everything wrapped up so early made the finish line smooth.
Today, we officially recorded two days early, after taking over a file that was already more than 30 days into escrow. The buyer and sellers will have a super happy new year!
If anyone needs to close a loan quickly, let me know!
Happy New Year!
