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In this video, Emmett Dempsey, a mortgage broker, explains the Closing Disclosure (CD), which serves as the mortgage settlement statement. He emphasizes its importance at the end of the mortgage process, after underwriting and going "clear to close." The Closing Disclosure acts as a counterpart to the loan estimate, helping to compare the initial loan estimates with the final terms. Viewers are encouraged to subscribe for more content related to mortgages, home buying, and the Treasure Coast area. Emmett suggests watching the loan estimate video for additional context.