The redraw functionality was designed for loan documents before signing. Our GoDocs offerings are:
Redraw: up to and through execution (before disbursement and recording).
Amended and Restated (post-disbursement and recording).
But if you have a way of accounting for post-closing corrections where all you need is the same loan documents, but with the correction, no other references to the nature of the redraw, then the Redraw can be used as well.