Free Gifts Title Agents Can Use

by | 7 Website Best Practices, Articles

This is part 4 of a 7 part series entitled 7 Website Best Practices for Title Agents. I hope you are enjoying the tips like how to make your website more useful than your competitors.  Anyway, on to today’s tip. You should always provide a free digital giveaway for...

Understanding Your Loan: Cash And Transaction Summaries

by | TRID

Page 3 of your Closing Disclosure will compare cash requirements from your Loan Estimate to your actual final charges. If “Did this change?” is “YES” notes for changed sections should be provided. The bottom line final “Cash to Close” is the money you will need...

Understanding Your Loan: Closing Cost Details

by | TRID

Page 2 of your Closing Disclosure details specific closing costs. Section A includes: Origination charges collected by the lender Origination fees paid to brokers, loan officers or other parties and Discount Points – prepaid interest. These figures should match...

Your Rights And Rules For Closing Disclosures

by | TRID

http://fwd4.wistia.com/medias/ceqilj9sss?embedType=iframe&videoFoam=true&videoWidth=640The Closing Disclosure documents the actual terms of your loan transaction. You should receive it no later than 3 business days before consummation. It must be in writing...

Understanding Loan Estimate Comparisons

by | TRID

Page 3 of your Loan Estimate includes measures to help you compare loans. “In X Years” shows the total amount you will have paid in that time, and the dollar amount applied to your loan principal. The ratio between total paid and principal reduced may change over...

Calculating Your Cash To Close

by | TRID

http://fwd4.wistia.com/medias/ui81likbta?embedType=iframe&videoFoam=true&videoWidth=640Page 2 of the Loan Estimate provides the current ESTIMATED cash to close. Some costs will stay the same between estimate and closing. Some will change.A – Origination...

Understanding Your Loan Estimate: Other Costs

by | TRID

http://fwd4.wistia.com/medias/93bhjy2bv9?embedType=iframe&videoFoam=true&videoWidth=640Real estate transactions require taxes, certain pre-payments, and escrow funding.Recording fees are charged by government agencies for keeping legal ownership records, while...