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What is table funding in real estate?

Updated: 9/13/2023
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15y ago

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Table funding, in the classical sense, is when the lender, generally a mortgage banker or savings and loan, funds the loan with the loan documents using a draft or check. Also called wet closing, this term has morphed into any loan product that is closed in the originators name regardless of who funds the loan. Today, any loan that is funded by the time the borrower signs their closing documents would be considered table funded.

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