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.
HUD does not consider bids without a loan preapproval letter from a lender. HUD allows a 45-day escrow period to close on the purchase of a HUD home. But if you are applying for an FHA 203(k) renovation loan, HUD allows you up to 60 days to close on the loan. In a case where you are paying cash for the home, you can close sooner. Just how quickly depends on how long it takes the closing agent to complete all the required paperwork.