Avoiding Closing Issues

A smooth closing often comes down to communication. Some details that may seem routine can create delays if they aren't addressed early. Here are a few things to keep your lender informed about throughout the process.

Being proactive will help to avoid unnecessary delays.

Power of Attorney (POA)
If someone will be signing with a Power of Attorney, let your lender know as early as possible. The POA typically needs to be reviewed and approved by the lender and title/closing attorney before closing.

Trusts
If the property will be titled in a trust, or a trust is involved in the transaction, don't wait until closing to mention it. Trust documents may need to be reviewed to make sure the transaction and loan meet applicable requirements.

Solar Panels
Buying a home with solar panels? Tell your lender early. Whether the panels are owned, financed, leased, or subject to another agreement can affect underwriting, title, and sometimes the property's combined loan-to-value.

Closing Date Changes
Closing dates change—it happens. Just make sure your lender knows before agreeing to a new date. A change can affect the interest-rate lock, loan documents, funding, insurance, and other time-sensitive items.

Non-Loan Fees
Not every cost associated with buying a home comes directly from the lender. HOA charges, attorney/title fees, inspections, commissions, home warranties, or other transaction-related expenses may need to be accounted for. Make your lender aware of costs you know about so there aren't surprises at closing.

Moving Funds
Avoid moving money between accounts unnecessarily during the loan process. If funds need to be transferred, talk with your lender first so the source and movement of the money can be properly documented.

Don't Ignore the Initial Closing Disclosure
Receiving the initial Closing Disclosure doesn't mean every number is final—but it is important. Under the TRID timing rules, borrowers generally must receive the initial Closing Disclosure at least three business days before consummation, so completing this step promptly helps keep the closing on schedule.

Mail-Away Closings & Closing Attendance
Can't attend closing in person? Let everyone know early. Mail-away, remote, or alternative signing arrangements may require advance coordination and may not be available for every transaction or document.

The Simple Rule

When in doubt, tell your lender. A quick conversation early in the process can often prevent a small issue from becoming a last-minute closing problem.