In Washington State, in most cases signing loan documents or other paperwork does not constitute “closed” and is not simultaneous as is the custom in non escrow States you find in the mid-West and East Coast.
Closing is the completion of your transaction which requires the recording of security, and Warranty Deed or other documents and disbursement of funds and proceeds in connection with your sale or refinance.
In escrow States, such as Washington, Oregon and California, the formal “Closing” often takes place several days after signing your documents. Once your paperwork is signed, escrow sends your loan documents back to your lender (sometimes across the country) via overnight air by UPS. THIS IS DONE PRIOR TO THE CLOSING DATE for lender final review and funding.