FHA Loan - Recording Process
In the recording process phase, the legally binding loan documents you signed and notarized are taken to the county recorder's office to be recorded. The documents are then stamped with the time and date, recorded, and filed as official public documents.
This recording process usually takes place one to two days after your loan has been funded, and the electronic wire has been confirmed. Depending on your city, you may even be eligible for same day recording.
At this point, the loan is finalized and closed. Your first payment coupon for your new mortgage payment will come to you within two to three weeks of the recording process.
If you are refinancing your home, you may receive a refund from your previous lender from the previous escrow impound account balance, as well as possible credit prorated interest.
If you paid off an existing FHA loan, you could be eligible for a prorated HUD refund of the mortgage insurance premium.
