Funding Flashcards
1
Q
What’s a “wet settlement”?
A
When the documents are signed and the funds are disbursed right away
2
Q
What’s a “dry settlement”?
A
When the documents are signed, but funds are on hold because of conditions that need to be met, or recording will be taking place first.
3
Q
Servicing information is initially known or can be seen on what document?
A
The LE
