Flipping the Loan Package

After the buyer signs the loan package, what's next?   The documents  must be "flipped" or packaged and returned to the lender for funding if so required, or portions of the package are faxed/e-mailed per the lender's requirements.   This is a crucial component of an escrow office's duties.   By acting quickly and getting the documents back to the lender right away,   the escrow company can help speed up recording of the file.  On the flip side (pun actually intended), letting the docs lie around for a few hours or more will definitely have a negative impact on the time of recordation...