FHA Mortgage Lenders Funding Process
At closing you will sign all the prepared documents including Mortgage, Note, Closing Disclosures and the FHA lender will wire the funds to the title agent to dispurse once the documents are signed to the lenders specifications.
After all the documents are signed the loan documents are scanned and emailed to the FHA mortgage lender to ensure all the documents are signed correctly before they release the wire.
Once all the signatures have been verified and approved by the FHA mortgage lender, they will release the funds to the title agent to disburse. This is when the actual exchange of money for title to the property is completed.
Once the FHA mortgage has been funded and final step to closing the mortgage transaction is the recording of the