Clear to Close (CTC) is the lender's signal that every condition on the loan file has been satisfied by underwriting. The file is no longer waiting on documentation, verification, or review — it's cleared to schedule the closing meeting and fund.
In business-purpose investor loans (DSCR, hard money, fix-and-flip, new construction), CTC is not the funding signal. The lender is ready, but the wire has not moved. Specialist programs in the desk's network can fund within 48 hours of CTC; standard files run 2–5 business days.
See also: Closing Disclosure, Settlement Statement.