Which option most accurately describes CLOSING COSTS?
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A
a cost incurred by the title insurance company for the services of the closer, management of the closing process, and distribution of funds
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B
The fees collected by the lender are needed to make the loan.
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C
The phrase can be used to refer to the process of collecting the appraisal and credit report fees or as a charge to cover the expense of preparing the application for underwriting.