A pro forma invoice is the same as a commercial invoice which, when used in international trade, represents the details of an international sale to customs authorities.
TRID requires process changes to the loan origination life-cycle, particularly in the way that lenders approach the closing of loans. Under the new rule, the closing process needs to be at least three days ahead to meet the Closing Disclosure timing requirement.
Loan documents expire in X days (not all are the same) so if everything is âdoneâ, including the appraisal, but closing is two weeks away, itâs a little early for loan docs to come in. Most often it is within 5 days of closing even if they âfinishâ all approvals earlier than that. The âstandardâ time frame for docs is 72 hours, though some lenders have âin-houseâ ability to produce loan docs, and I have seen those happen as quickly as one hour âwhen neededâ.