The lender is cleared to close. They are ready to fund the loan at closing. If you are purchasing In a coop you need "board approval" and in a condo the condo board must issue a waiver of first right of refusal before a closing can take place. In either a condo or coop the building's transfer agent/ closing department or attorney will also need the proper documents prepared for a closing.
The attorneys will coordinate the closing date.
Lic. Assoc. R.E. Broker
The Corcoran Group
Good luck and congratulations!