Katherine Bell of Titan Impact Group explains that date of first lien simply means the loan's closing date, when the loan was issued. Banks use complicated terminology to confuse people.
The closing date — the date the loan has been issued.
Katherine Bell (Titan Impact Group).
Hey, everyone. It's Katherine with Titan Impact Group, and I am here to answer the question, what does date of first lien mean? All it means is it's the closing date. The closing date that the loan has been issued. That's all it means. I love that banks love to use these really fancy terms and get people all confused, but really, that's all it means. It's just the closing date. So with that. My name is Katherine Bell. I am the sentinel of the American dream, and we leave every person, property, and community better than we found them. Bye for now, everyone.
