In a post-closing review, which activity is NOT typically performed?

• A. Reassessing collateral valuations and reopening underwriting
• B. Verifying that terms, covenants, and liens are in place
• C. Ensuring funds disbursed as intended
• D. Confirming compliance with post-closing conditions

Answer: (D)

Post-closing review focuses on ensuring the closing was executed correctly and the loan file accurately reflects what was funded. It checks that the collateral position is properly perfected (liens, guarantees if any), that the loan terms and covenants are documented as agreed, and that funds were disbursed according to the closing instructions. Those steps confirm the integrity of the closing package and the security interests backing the loan.

Confirming compliance with post-closing conditions, however, is typically handled by ongoing monitoring and covenant/risk management processes that track borrower performance and fulfillment of conditions over time. It’s not usually a one-off post-closing file review activity, which is why this task isn’t considered standard for the post-closing review.