by Gary Pickren | Nov 19, 2015 | Legal Tips
Almost all closings today require a lender funding number in order to disburse. Getting funding approval entails getting a funding number from the lender AND receiving the lender and closing parties’ funds. When funding authorization is required, the closing...
by Gary Pickren | Nov 13, 2015 | Legal Tips
Blair Cato has done several closings under the new TRID. We have already seen several TRID closings delayed because the lender did not have all of the information needed to complete and deliver the Closing Disclosure Statement in the timeframe required by the CFPB....
by Gary Pickren | Nov 6, 2015 | Legal Tips
For loan applications taken after October 3, the lender is required to submit a Closing Disclosure to the borrower. Page 4 of the Closing Disclosure requires the real estate broker(s)’ license information. Therefore, you can expect to receive a request from the...
by Gary Pickren | Oct 30, 2015 | Legal Tips
This week I was performing a closing where a very minor issue arose at the closing table concerning a repair issue. It was evident that neither the buyer nor seller were concerned about the issue and were willing and ready to move forward. The real estate agents...
by Gary Pickren | Oct 23, 2015 | Legal Tips
Many of you may already have noticed increased security in closing attorney offices. This is a direct result of the changes due to TRID and Best Practices. Lenders are now deemed liable for any compromise of confidential client information. Closing attorneys have...
