At closing, who issues a clear to close?

The clear to close is a crucial step in the mortgage process, indicating that all conditions of the loan have been met and that the lender is ready to proceed with the closing of the loan. The lender is responsible for reviewing all documentation and ensuring that everything is in order, which includes the borrower's financial background, the appraisal of the property, and any other necessary documents.

When the lender issues a clear to close, it means they have completed their due diligence and are satisfied that the loan can move forward. This step is essential because it provides assurance to all parties involved that the financing is secured and the transaction can be finalized.

Other parties involved in the transaction, such as mortgage brokers, real estate brokers, and title agencies, play supportive roles throughout the process, but the ultimate authority to approve and issue the clear to close rests solely with the lender.