![]() ![]() For example, they can be known as closing books, record books, closing transactions, transaction deal bibles, closing bibles - to name just a few! However, depending on the work you do, electronic closing binders can often have different names. The electronic closing binder is fully text searchable, indexed, bookmarked and once complete is electronically distributed to all parties involved.Įlectronic closing binders are commonly used in legal transactions, commercial/ residential real estate closings, and in mergers and acquisitions (M&A) transactions. It includes a closing statement and copies of all relevant documents generated throughout the transaction. Today binders are produced and delivered electronically and thus are more commonly known as electronic closing binders.Īn electronic closing binder clearly summarizes and organizes your transaction. The complete binder was then physically mailed to clients and third parties. Previously closing binders were manually produced through scanning, printing and compiling paper documents into a three-ring binder. What is an Electronic Closing Binder? Electronic Closing Binder Definition
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