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Hello, hello. Day one of TRID and all is quiet. But as we learn this new process, please post your experiences. The one thing that comes across loud and clear in our training, we cannot require the buyer to provide one single document before issuing a letter. Of course, the strength of my letter will depend on what knowledge I have.
Hello, hello. Day one of TRID and all is quiet. But as we learn this new process, please post your experiences. The one thing that comes across loud and clear in our training, we cannot require the buyer to provide one single document before issuing a letter. Of course, the strength of my letter will depend on what knowledge I have.
Happy TRID day to you. I wrote up a contract this weekend so I'm embarking on my first one with the new rules.
TRID won't hurt me, but it will make it much harder to protect clients.
As usual, it is targeted at those who can least afford it under the guise of consumer protection.
Shameless.
Hey Relo Company, don't ask me to provide you any information or closing statement.
That needs to all come from your client.
TAR did come out with a release form signed by the Buyer that may or not be acceptable.
Some Title Companies want it, our Management says no. I'm using it and will provide to the title co.
You did it under the old rules. None of us really knows what the next 90 days will be like.
Did you see the closing statement? Did you have permission from the Buyer ?
Of course I saw the closing statement. Have permission from buyer to do what? Go ahead and make fun of me. I guess I don't know what you're talking about.
Of course I saw the closing statement. Have permission from buyer to do what? Go ahead and make fun of me. I guess I don't know what you're talking about.
From what I understand just about everything from the Buyer / Lender is confidential information and we agents cannot even see it unless the Buyer provides it to us.
In TX where title companies coordinate documents, that has shifted to the Lender. We are at the Lenders mercy on when we close. There are many rules the lender now must follow. We no longer make a copy of any checks like Earnest Money for our files.
The Title Company must secure all their emails and no longer distribute by PDF's attachments. Everything must be highly secure and private.
My office is having another Lender Meeting in the morning to educate us. If you have a favorite lender you might talk to them.
TX Assoc of Realtors has a Release form that says we represent our clients and can be given any documents.
We are waiting to hear if it is legal and acceptable. I believe our Attorney says it may not be.
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