The closing process is always changing. It is even referred to as "settlement" or "escrow" in different parts of the county. Technology has completely automated the closing process. In our area both the seller and buyer sit at the closing table with the title company and Realtors if more than one.
It is usually takes 30 days to complete after acceptance of an offer. The contract should show how many days the Buyer has to make Loan application. If for any reason the type of financing on the contract is changed BOTH the Buyer and Seller has changes to initial and date, may be by addendum. The lender will be able to help with this when the contract is present to them for loan approval. If dates need to be changed both the seller and buyer need to sign an addendum to this change. They buyer will receive the keys to the property according to the contract. The inspections need to be completed before loan approval and their may be various lender conditions to be met before closing.
