.

Likewise, people ask, who prepares the closing disclosure?

The disclosure consists of five pages and lists all the facts and figures about your mortgage. The lender prepares the disclosure, and toward the end of closing, the document will be in your hands for review.

One may also ask, how do I get a copy of a closing statement? You can obtain a certified copy of these documents from the closing agent or from your real estate agent if you lose the originals. The closing statement contains all the official charges and credits of your home purchase.

People also ask, is a settlement statement the same thing as a closing statement?

The HUD-1 form, often also referred to as a “Settlement Statement”, a “Closing Statement”, “Settlement Sheet”, combination of the terms or even just “HUD” is a document used when a borrower is lent funds to purchase real estate. Another acronym used in relation to the HUD form is GFE, which means 'Good Faith Estimate'.

When must a buyer inspect the closing statement?

In the wake of the subprime crisis, the Consumer Financial Protection Bureau requires that buyers receive the Closing Disclosure, outlining loan costs among other fees and information pertinent to the borrower, no later than 3 days before closing for review.