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Mortgages For Self Employed: A Step-By-Step Guide – New Florida Mortgage We’ve published an in-depth guide that explains what happens on closing day. So I won’t repeat it all here. Here’s the short version instead: Closing is the final step in the mortgage process. It’s also referred to as settlement, particularly in the eastern part of the U.S. This is when all of the funds are distributed to the receiving parties.Servicing Association Announces Leadership Changes 4 days ago · TORONTO , Sept. 13, 2019 /CNW/ – At its AGM yesterday, the Supply Chain Management Association announced its name change to Supply Chain Canada. The association also launched a new website.