What if closing slips by a day or two? Do I need to change the Document Date and re-draw the package?

How important is the Document Date and when to redraw

1. Most of the time the answer will be No. The only times the Document Date would likely need to be changed are:
2. Closing shifts to the next month. For example. If the Document Date is 10/31/2023 and the loan ends up closing 11/2/2023. You will likely need to redraw the package as moving to the next month likely shifts Lender’s payment dates and maturity date by a month. If the payment dates and maturity date stay the same, then you could likely keep the document date as 10/31/2023.
3. The Document Date is after the date Lender records the mortgage. For example. The Document Date is 10/15/2023 and the loan is going to be recorded on 10/11/2023. This would be a case where it would be recommended to change the document date to prior to the recording, so Lender does not run into any unnecessary recording delays due to date confusion.