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Blackout Settlement Statement

Blackout Settlement Statement

Aug 6th, 2022

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How to Blackout Settlement Statement

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Emmett Dempsey, a mortgage broker from Treasure Coast Mortgage in Port Saint Lucie, Florida, introduces a tutorial on the Closing Disclosure (CD), which is a key document in the loan process. He notes that the CD is accompanied by the Loan Estimate (LE) and highlights the similarities between the two. The closing disclosure is presented at the end of the loan process, indicating that the borrower is almost ready to close. Dempsey intends to explain the details of the CD, including its differences from the LE, and emphasizes its importance as a final summary of the loan terms and costs before closing.

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