Clear to close

After conditional approval, underwriting issues a list of remaining items, such as updated pay stubs, explanations for deposits, insurance proof or a final appraisal. Once each condition is cleared, the file is marked clear to close and the Closing Disclosure is issued.

Between clear to close and funding, avoid new credit, large purchases, job changes or unexplained deposits, since lenders typically re-verify employment and may recheck credit. Because Network Funding handles underwriting and processing in-house, conditions are managed within one team rather than passed between outside companies.