Waht is Table Funding

Table funding can best be described as the loan funds being available in the escrow/attorney account at the time of signing your final loan documents. This is the case in "wet" states, like NY for example. In states like CA, you will sign your loan documents, the package will be returned to the lender for their review and approval, and then they will fund your loan.

Table funding is when you go to escrow/attorneys office and sign your final loan docs and they inform lender that you have done so and the lender starts the funding process...lender is not waiting for your signed docs to be returned and review for funding. It is essentially complete when you signed at the "table"...Hope this helps....Dan PaladinUmax Mortgage