Will the timing changes impact when my real estate transaction can close?

Consummation is the day the borrower becomes legally obligated under the loan, which would be the date of signing, even if the loan has a rescission period. It is important to note the definition of consummation can be different than the closing date as defined in the purchase agreement where the buyer becomes contractually obligated to a seller on a real estate transaction.

The tool below will assist you in determining the earliest consummation date.

All of your date needs in 3 simple steps:

3. Click on your desired Consummation date on the calendar.


  • If a federal holiday falls within the Delivery and/or Waiting Periods, the system adds an additional business day.

  • The three-day period is measured by days, not hours. Thus, disclosure must be delivered three days before closing, and not 72 hours prior to closing.

  • Disclosures may also be delivered electronically to the Delivery Period and may be signed in compliance with E-Sign requirements.

First Day Signing / Closing May Occur OR First Day Disbursements Occur for Purchases And Some Refinances
Disclaimer: This tool provides general information to real estate professionals and others in determining when transactions involving an applicable loan may be consummated. The CFPB Rule that determines the time periods for consummation used in this tool also provides circumstances under which these time periods may be shortened or extended. Each transaction is different and the final authority and responsibility for determining the actual consummation date resides with the lender. Please consult your Escrow or Loan Officer for the actual consummation date for your transaction.