The date on which the sale of a property is to be finalized and a loan Applies to any business dealing. In real estate, it is an instance of exchanging ownership of a property. completed. Often, a real estate sales professional coordinates the setting of this date with the buyer, the seller, the The person or entity that coordinates the various closing activities, including the preparation and recordation of closing documents and the disbursement of funds. (May be referred to as an escrow agent or settlement agent in some jurisdictions.) Typically, the closing is conducted by title companies, escrow companies or attorneys., and the The lender providing funds for a mortgage. Lenders also manage the credit and financial information review, the property and the loan application process through closing..