During underwriting the lender lists conditions, the documents and answers it still needs. When the last one is satisfied, the file is marked clear to close and the closing can be scheduled.
Why it matters
It is the point where the uncertainty is mostly over. Until then, missing paperwork or a change in your situation can still hold the loan up.
Where you meet it
Near the end of every loan. Keeping your job, your credit and your bank accounts steady until closing helps you get there without surprises. A loan processor is the person who chases those last conditions.
Questions about your loan?
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