Depends on the timing, your escrow company and the County, for example in Placer County they record twice a day, but in Nevada County only once a day (with some exceptions) If the funding occurs late in the day, recording will most likely be the next day (or if Friday, then Monday ) could also be affected by furlough Fridays!

Teri Andrews-Murch, Realtor®, SRES®
DRE CA Lic # 01734030
Lyon Real Estate
1900 Grass Valley Highway, Suite 100
Auburn, Ca, 95603
Direct Ph: 530-798-0215

Yes it can, it often does close the same day as funding, but only if the funding occurs early in the day. Don't count on it.. Here is something I wrote back in May:

"You would think that since Tommy Edison invented that there Telegraph thingie that speeds stuff like money at nearly the speed of light, that there should not be more than a few seconds for a money wire to travel from New York to California, right?

Well, you know how the smarties on Wall Street think, don't ya?

Here is what those Wall street smarties do.

Let's say you place an order the night before, for the money to be wired first thing the next morning.
Okay, mortgage interest is charged to you by the day, you see. You'll pay a days interest whether that money is wired at 9AM or at 2PM.

But the traders can loan money for a few hours during the day and make a few cents on it, then send the money on just before the close of business.

You see they charge you for a full day of interest, but also get to earn several hours more from where they are taking it.

Sometimes that is too late to get confirmed by the escrow company in time to get the deed recorded as scheduled.

No one's fault.

I always advise my buyers to ask that their cash to close and their loan be scheduled at least a day in advance of the day they have to have the keys for the moving van. One extra days payment of interest can avoid a lot of headache and heartache.

You may be thinking "Why would the lender want to peess off their new loan customer by providing bad service on the very first day of the loan?" Good question.

Here is what I think; the traders on wall street, don't give a rats tail about your loan officer, her reputation, or even their own company's reputation. They just want to post good numbers in their own little profit center corner of the company.

If they can make an extra 80 cents per loan, and sometimes the buyer, seller, loan officer, escrow officer, real estate agents and a dozen other people suffer. Oh well, do it a hundred thousand times and it adds up to a large fraction of one traders yearly bonus."

If it's someone like Bank of America, they can fax fund and can be done same day if the wire is sent out early enough (usually before 11am). I've done 2 with them that way.

Cnh, yes, this can be done, but typically it's only reserved for special "as needed" cases and is dependent on the entire workload of the Escrow office.

Call your Escrow contact for details.

Best, Steve

You will need to wait one business day after the loan funding for the actual closing. The lender will send funds to the Title Company , when they have received the funds they will schedule to record the Deed of Trust at the County Recorder's ofiice the following day. Once this happens the property officially changes hands.