Underwriting Q & A’s

April 19, 2017

Q & A | What are some of the most common misconceptions about Texas probate/estates encountered with underwriting calls?

Q: What are some of the most common misconceptions about Texas probate/estates encountered with underwriting calls? A: Some of the most common areas of confusion encountered […]
March 15, 2017

Underwriting Q&A | When receipting a contract and earnest money, is it acceptable to receive and/or deliver an option fee?

Q: When receipting a contract and earnest money, is it acceptable to receive and/or deliver an option fee? A: Delivery by the Realtor to the title […]
February 15, 2017

Underwriting Q&A | When closing a sale or refinance transaction for clients who have a HARP loan in addition to their primary mortgage, is the payoff statement for the HARP loan included in the payoff statement received by the primary lender?

Q: When closing a sale or refinance transaction for clients who have a HARP loan in addition to their primary mortgage, is the payoff statement for […]
December 14, 2016

Underwriting Q & A | How Do I Handle Overtime Now?

Below is an excerpt of a recent article regarding the recent nationwide injunction affecting employers across the country issued by  U.S. District Judge Amos L. Mazzant. […]
November 16, 2016

Underwriting Q & A | May we pay the property taxes in Texas for 2016 and insure that 2017 taxes are “not yet due and payable”?

Q:   May we pay the property taxes in Texas for 2016 and insure that 2017 taxes are “not yet due and payable”? A:  Short Answer is […]
October 19, 2016

Underwriting Q & A | When should the term “pro forma” be used in connection with the name of a party on a real estate document?

Q: When should the term “pro forma” be used in connection with the name of a party on a real estate document? A: The term “pro […]
September 21, 2016

Underwriting Q & A | Have there been any updates to TRID?

Q:  Have there been any updates to TRID? A: No. However, the CFPB (Consumer Financial Protection Bureau) has proposed various amendments to disclosure requirements under TRID. […]
August 17, 2016

Underwriting Q & A | Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid in the collection of information for financial crimes enforcement?

Q: Is there a new reporting requirement issued by the U.S. Department of the Treasury for closings on some properties in Texas and Florida to aid […]