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The title company needs to know when to order the location survey. The lender will usually not allow the transaction to close without seeing a copy of this item. A loan package is ordered from the lender so that the buyer may sign his documents. This may take anywhere from 24 to 72 hours depending on the lender involved. The documents will normally come dated and some national lenders require that they file on that day or documents must be redrawn. If a closing is scheduled and signed in one month, but the actual filing of the documents cannot occur until the following month, it may be necessary to obtain new documents, re-sign the buyer, and recalculate the money needed to close.
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