Closing, or settlement, brings the transaction's documents, funds, and required conditions together. Think of coordinated steps, not merely a ceremonial handover of keys. The parties review and sign the required documents. Funds and conditions are checked. Authorized disbursement, conveyance, and recording occur through the applicable closing process. Their exact order can vary. Keep each document's role clear: the deed conveys an interest, the note promises repayment, and the security instrument secures the obligation. The Closing Disclosure reports final loan terms and costs for covered transactions; it does not itself convey title. Quick check: is the Closing Disclosure the deed transferring ownership? No. Different closing documents perform different functions.