I was given information by one of our funders that South Dakota is a not a wet state. In other words it is dry meaning that we do not wire the funds the same day as loan documents are signed. However, we've recieved conflicting information by the escrow company that stated SD does only table funded loans i.e., the lender provides funds to the closing agent on an open or non-funded loan. I would appreciate any feedback on this subject. I've consulted our Residential Mortgage Lending Guideline manual under Wet Settlement Act Chapter 2-39 and it states that there are no laws regulating the form of funds that must be used in connection with residential mortgage closings. Thanks!