- Category: Answers to Your Questions
- Published: Saturday, 01 March 2014 11:51
- Written by Doug Hartley
- Hits: 834
The closing date is determined by the escrow or loan officer who is setting up the date of loan document signing. The effective date of the binder should match the expected date of closing. If the expected closing date changes the agent can cancel and reissue a new binder with new effective and expiration dates.