What should I do if I do not get a Closing Disclosure three days before my mortgage closing?
Your lender is required to send you a Closing Disclosure that you must receive at least three business days before your closing. If you have not received this document, you should request one from your lender immediately. You should also not go through with the closing until you receive and review the Closing Disclosure. It’s important that you carefully review the Closing Disclosure to make sure that the terms of your loan are what you are expecting.
Sign your closing documents only after you have carefully reviewed all of the terms on the Closing Disclosure and compared them to your Loan Estimate. Make sure that there are no errors and that you understand the reason for any increase in fees or discrepancies. You should review the Closing Disclosure before closing, as there will be many other documents to review at the closing itself. Remember there is no time limit at closing, so don’t feel pressured. Take your time to review documents and ask any questions you have.
Tip: If you have a problem with your mortgage closing process, you should discuss the problem with your lender. You can also submit a complaint to the CFPB online or by calling (855) 411-CFPB (2372). We’ll forward your complaint to the company and work to get you a response – generally in 15 days. You may also wish to consult an attorney about your problem.