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NFLP RESPA Reform Blog > Posts > What is the requirement and timeline for final HUD-1 approval and does it have to be signed by all parties or just acknowledged and approved?
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12/30/2009We cannot order a closing wire until we have a HUD-1 that is approved by Network and the closing agent. This policy has not changed and will not change with the new GFE and HUD-1. The challenge will be in the time required to get the HUD-1 approved by both based on the changes in this new law. At this point, we cannot predict how long that will take and would encourage you to have closing documents requested substantially ahead of the actual closing since there are so many unknowns with this change. |
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