10/27/2024
Is it a TRID violation if the File # is missing or incorrect in the closing information section of the closing disclosure?
08/26/2020
We have a loan that we are working on that is a purchase of a second home. The borrowers are son and daughter in law and mom. Son and daughter in law live in Michigan, mom lives in Florida.
* How do we get the closing papers signed and what should they be dated?
* Do we send two closing packages, one to each and then combine them, or send one closing package and have the son and daughter in law forward to mom?
* Can they date the documents before the closing?
01/12/2020
Who should technically be doing a loan closing?
08/26/2018
I have a lender telling me that the borrower was considered to have shopped for services because the provider listed on the Settlement Service Provider List (SSPL) has 3 office locations and the borrower went through a different office location than that disclosed on the SSPL. The lender believes going to a different office address is considered "shopping." I don't agree, but would like clarification on this.
02/26/2017
Since the settlement agent prepares the seller's Closing Disclosure in a purchase transaction, we as lender are not always able to get a fully complete CLoD with all information provided. The rules makes clear the settlement agent is to prepare the seller's CLoD and provide it to the creditor. We sometimes ask multiple times for the fully completed seller CLoD to be provided but often it is not completed to our satisfaction. I'm trying to determine what liability the creditor has? Must we simply document our due diligence in attempting to obtain this, even multiple times, to get a complete document and if impossible, go with the most complete document we can get, or must we refuse to fund the loan until the settlement agent provides what we think complies with the rule?
01/31/2010
The Q&As below are those that were added by HUD January 28, 2010
12/30/2009
The Q&As below are those that were added by HUD December 30, 2009
GFE - Written list of providers - Page 12
03/14/2008
In 2004, when HUD withdrew its controversial July 29, 2002, proposal "Simplifying and Improving the Process of Obtaining Mortgages to Reduce Settlement Costs to Consumers," no one believed it w
09/12/2006
08/23/2005
RESPA: Private Suits for Markups
John Burnett