underwriting q & a

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 […]
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 […]
June 15, 2016

Underwriting Q&A | What is an Apostille?

Q: What is an Apostille? A: An Apostille is a certificate issued by a designated authority in a country which is a member of the Hague […]
June 10, 2015

Q & A | CFPB: What changes in the new Closing Disclosure WILL NOT require a new 3-day review period?

Q: CFPB: What changes in the new Closing Disclosure WILL NOT require a new 3-day review period? A: By now we have all been hit over […]