May 15, 2015 The HUD-1 settlement statement serves two important purposes. One purpose is disclosing the actual?settlement costs to the buyer and seller. The other is functioning as a disbursement record for the?settlement agent. The disbursements on the HUD-1 must balance to the disbursements from the?settlements agent?s trust account. One of the less obvious differences …
April 2015 Complying with the new CFPB disclosure rules taking effect later this year will require that lenders and settlement service providers work more closely than ever before. In order to accurately meet the disclosure time lines we will each be entering our information into each other?s forms. It makes sense to do as much …
Decisions . . . Decisions . . . Decisions . . . The August 1, 2015 implementation date for the new loan and closing disclosures will be here before we know it. Prior to that time, lenders will need to be making a number of process related decisions. Each decision is sure?to have an effect …
The 2014 purchase market tried but could not match an Andrew Luck game winning drive.?Instead it ended just short of beating 2013. You will recall that after a frigid first quarter the?purchase market started down over 10% year over year. Fueled by lower interest rates and?stronger consumer confidence the fourth quarter of 2014 was up …
Takeaways from the 2014 Third Quarter numbers: Life without refinances is tough. Mortgage lending is down considerably from previous years. (chart pages 7, 11 & 12) It?s all missing refinance business as the purchase market is fairly steady. Earlier in the year refinancing was only 15% of our new title orders, the lowest rate that …
Our Referral Promise We are grateful for the opportunity to work with you and your client. We promise that our team will create a closing experience for you and your client that is outstanding. Your opportunity to gain a referral will be enhanced by the closing experience that you and your clients receive at John …
Feedback Survey Obtaining feedback about your client?s and your experience with John Bethell Title during the transaction is an important part of our Feedback Loop. In addition to calling Realtors and Lenders on a regular basis, we also created an online Customer Survey for our website. If you or your clients would like to …
I am almost always surprised when I compile our quarterly statistical reports. This quarter is no exception. I already knew that the overall sale market in Monroe County is down around 8% to 10% from 2013 according to the number of recorded deeds that we post to our data base. (page 16) After compiling data …
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