Wire Confirmation is the Federal Reserve Fedwire reference number confirming that funds left the lender''s account and arrived at the closing agent''s escrow account. Time-stamped, irreversible once posted. The reference is logged in the lender''s funding file and used by the closing agent to release recordable documents. Wire fraud is a primary threat at this step — verbal verification of wire instructions through a known phone number is industry standard.
Closing Stage