Resources > Glossary > Closing Statement

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Closing Statement

Function: noun

Definition 1:
A Closing Statement - also referred to as the HUD-1. The HUD-1 is the final statement of costs incurred to close on a loan or to purchase a home. The "HUD" as lenders often call it is often faxed to the notary signing agent at the last minute before a signing. The closing statement is critical as it outlines closing fees and other important information.