KnowYourPro

It has been a while. I wish you guys would come visit more often. :)

Illinois is an attorney closing state as well. I do recall a closing attorney mention to me before that seller's attorneys get "incentives" to use certain title companies. I wouldn't be surprised if this was happening in Illinois, or anywhere ...

That's interesting JP about the title insurance calculations. We are an attorney closing state so the calculators generally are correct here in MA. Even before respa reform, my GFEs would have optional owners title insurance on purchase closings. I ...

As an addendum to my original blog, I've received a number of title calculators from area title companies to assist in coming up with a title quote for the borrower. I am grateful for this bit of assistance from the title companies, however, there ...

I have been using the Initial Fee Work Sheet as the Tour Guide..giving a lot of extra TLC JP nice crafting on one of the most straight to the heart blogs on KYP to date. Regx bites! (and it's little dog too)

It reminds me of a borrower I had back in 2002, when I first started. He basically wanted me to manipulate my GFE to undercut another lender, and he ended up using the other lender when I refused. I'd much rather have an unhappy borrower at the ...

The funny thing is that when the rules were released, all we thought was that closing costs are now going up. the disclosing requirements are pushing closing times out as well. We used to be able to close loans fairly quick when needed. Not anymore.

John, I think this is one of the most timely and well written blogs I have seen! I can't agree more. Rather than disclosing fees that are "appropriate", consumers are now seeing GFE's that are dramatically overstated. The lender/loan officer ...

I'm sure that everyone's heard about the new Real Estate Settlement Procedures (RESPA) law that's come into effect, specifically, the new Good Faith Estimate (GFE) form that's now required as of January 1.