Nine deadlines between acceptance and closing, each dated and assigned an owner, make up the MT361 Unit 9 transaction timeline, including the three points where the file could slip. Searches like "mt 361 unit 9 assignment example", "mt361 unit 9 sample" and "mt361 unit 9 example" land here.
What a finished MT361 Unit 9 transaction timeline looks like
Four pages: a dated table, a swim-lane chart and a risk section. The table runs from acceptance on April 13 through closing on May 13, with a column for each deadline's owner. Earnest money is due Wednesday, April 15, the day the buyers also apply for their loan; the Loan Estimate follows by Monday, April 20, the same day the seven-day inspection window, which includes a lead-based paint risk assessment, closes. The title commitment arrives April 27 and the appraisal report April 29, and loan commitment is due Monday, May 4. The Closing Disclosure must reach the buyers by Saturday, May 9. A walk-through on May 12 and closing on May 13 end the table. The swim-lane chart splits the same dates across buyers, sellers, lender, title company and both licensees.
How a MT361 Unit 9 example is structured
Chronology organizes the table, but ownership organizes the analysis, because a deadline nobody owns is the one that lapses. Each row gives the date, the task, the party responsible and the consequence of missing it. Day counts follow the contract's calendar-day rule, while two items run on other clocks and say so: a bracketed attorney-review period of [three business days] under Calder's rules, and the federal Closing Disclosure rule, under which business days exclude Sundays and federal holidays but count Saturdays, placing the latest receipt on Saturday, May 9. The swim-lane chart shows the same dates by party so that handoffs are visible. The risk section then takes the three weak points in turn, the sewer repair agreed at inspection, a paid 1998 mortgage never released of record, and the disclosure's waiting period, and names the fallback date for each.
An owner in every row
Buyers, sellers, lender, title company, listing licensee, buyer's licensee. Each deadline names one owner and one consequence, so a reader sees that the May 4 loan commitment belongs to the lender while its lapse would cost the buyers their financing protection.
Three clocks, not one
Contract deadlines count calendar days; Calder's attorney review, bracketed, counts business days; the federal disclosure rule counts every day except Sundays and federal holidays. The timeline labels which clock each row follows.
Saturday, May 9
For a Wednesday closing, three disclosure business days back from May 13 skip Sunday and land on Saturday. The timeline sets the lender's target a day or two earlier and notes that certain loan changes would restart the wait.
A 1998 mortgage still of record
The title commitment shows a lien paid off years ago but never released. The timeline adds a curative task for the title company, a release from the old lender's successor, and names May 8 as the date after which closing is at risk.
The sewer repair, scheduled
Agreed at inspection, the lateral lining must be finished, invoiced and receipted before the walk-through. The timeline books the contractor for the week of April 27 and leaves the May 12 walk-through to confirm the work.
Where marks go in MT361 Unit 9
Completeness and ownership are what MT361 timeline assignments tend to grade: every contingency from the contract appears, each with a date and a responsible party. Timelines that compress everything after acceptance into one closing day, hiding the handoffs where files actually fail, commonly lose credit. Correct day counting matters, and papers applying one rule to everything miss the federal disclosure timing and any state-specific steps, which should be bracketed. Credit follows a risk section naming specific weak points and fallback dates rather than generic delays. Papers mixing up the Loan Estimate and the Closing Disclosure, or giving their timing wrongly, draw deductions in sections covering lending. A visual, table or chart, that matches the narrative date for date is widely expected, and missing owners leave the table half done.
Get a MT361 Unit 9 example written to your instructions
Key terms from the accepted contract in the Unit 9 materials matter most, above all the acceptance date and contingency periods, plus the governing state where one is given. Attach the rubric too; a free first custom timeline arrives in 24-48h, every deadline dated and owned, each clock labeled, and the weak points given fallback dates.
MT361 Unit 9 questions, answered
What is the difference between the Loan Estimate and the Closing Disclosure?
Both are federal disclosures under the TILA-RESPA integrated rules. The Loan Estimate goes to the borrower within three business days of a loan application and summarizes expected terms and costs. The Closing Disclosure gives the final terms and must be received at least three business days before consummation. A timeline should place both, with the correct counting rule for each.
Why do some timelines show funding and recording after closing?
Because signing, funding and recording are separate steps. In some states the lender funds at the closing table; in others funds are released after documents are reviewed or recorded, sometimes a day or more later. Possession may depend on funding. Since practice varies by state, bracket the funding rule or name the state whose practice you follow.
Where does RESPA fit into a transaction timeline?
Besides the integrated disclosures, the Real Estate Settlement Procedures Act of 1974 prohibits kickbacks and unearned fees for referring settlement services, and requires disclosure of affiliated business arrangements. A timeline paper might note it where the buyer chooses a title company or lender, since a licensee's referral at that point must follow those rules.