It is routine for escrow departments of title companies and independent escrow firms to provide a Settlement Statement to a loan officer (and agents) prior to making appointments with clients to sign their paperwork. Once loan documents are received by escrow the closing staff move to get this accomplished as quickly as possible. This... »
One of the things I enjoy about home improvement is trying out different products so see how they stand up to our Northwest climate. The project that my wife and I knew was on our top five to-do list was to remove an on-grade slab of concrete which was our patio. When we purchased... »
The past couple of days our escrow office has received several phone calls from frustrated loan officers handling both purchase and refinance transactions. The frustration has come about due to the county recording office closures and furlough dates. Contact your escrow or title office to confirm closure and furlough dates/times. In Snohomish County... »
Here is the article from the Seattle Times. Excerpt: In one deal, the bank loaned a borrower $935,000 to buy a Tacoma house for $1.35 million — a house that, according to the real-estate Web site Zillow, is valued higher than 99 percent of homes in its ZIP code. Nationwide Home Lending was paid nearly $30,000... »
***Updated/Revised 4:30pm 02/08/2009 PST: Here is the link to the “Memorandum” (.pdf document) showing how this mortgage broker, in his own words, fraudulently originated millions in loans and how the fallout will plague our economy. Big thanks goes to blogger “Scotsman” for the getting the document to me. ——————————————- This is how is it possible………..we may... »
The most wonderful, beautiful and innocent thing stopped the frenzy, processes and insanity of end of month escrow transactions in an instant. That thing was the glow of a sharply dressed very elderly woman who happened to find her way to our office and came to our front reception counter and said, “Hi, can you... »
Rhonda has a post over at her Blog regarding the low interest rate environment that prevails today. Rates under 5% are hard to believe even for very seasoned agents, loan officers and those in the title and escrow profession. The last three weeks have been remarkable and quite frankly Lynlee and I, and I presume... »
