Owner Action: Click "Close out the SOV"
Owner Action: When ready, Click "Request lender close out"
Owner Action: Click "I'm Ready"
You have successfully sent the request to the Lender when you receive the following:
The Lender receives the following notification:
Lender Action: Click "Approve project closeout"
When the project is successfully closed, and any remaining funds have been returned to the Owner, the project will be moved to the Archived Projects, and have the below status indicators.