Mortgage Document Prep

Mortgage Document Prep
Having fulfilled in excess of 800,000 residential mortgage loan packages since our inception in 1997, more than 250 financial institutions, federal and state chartered banks, mortgage bankers, brokers and credit unions rely on our expertise for quick, accurate, and compliant residential mortgage closing documents throughout all 50 United States and the District of Columbia.

Loan Fulfillment Services

Loan Fulfillment Services
Rely on our online loan fulfillment services so you can focus on growing your own business instead of detailed and expensive back office operations. We take care of clearing all pre-closing, closing and funding conditions, preparing loan documents to client’s specifications, HUD-1 review and approval, ordering the wire, funding, monitoring trailing documents, clearing stipulations and deficiencies, and shipping and stacking the closed loan package.

Mortgage Law Compliance

Mortgage Law Compliance
With over 200 years of combined legal experience, our attorneys formerly served as executives at large mortgage companies, former general counsel to large lending institutions, judicial clerks, and have even aided in the drafting of instrumental legislation affecting mortgage law. Our attorneys are leaders in the field of mortgage law and regularly teach mortgage professionals about changes affecting the mortgage industry.

Recently Published News Articles

Department of Veterans Affairs Issues Policy Clarification Regarding VA’s Non-Allowable Fee Itemization Requirements for Closing Disclosure

Published on Wednesday, April 13, 2016 in Client and Friends Memo
On April 11, 2016, the Department of Veterans Affairs (“VA”) issued a circular explaining VA’s fee itemization requirements regarding the Integrated Closing Disclosure (“CD”) for consumer transactions governed by the TILA-RESPA Integrated Disclosure Rule (Circular 26-16-11, click here).  The circular requires that, for so-called “non-allowable” fees and charges under 36.4313(d)(2), any credits used to offset such fees must be separately itemized on the CD in the Seller Paid or Paid By Others column.

Rural Housing Service Withdraws Qualified Mortgage Final Rule

Published on Thursday, March 31, 2016 in Client and Friends Memo

In the March 31, 2016, issue of the Federal Register (81 FR 18456, click here) the Rural Housing Service (RHS) published a correction withdrawing the final rule published in the March 29, 2016, issue of the Federal Register (81 FR 17361) that amended its Single Family Housing Guaranteed Loan Program regulations in 7 CFR Part 3555 relating to RHS qualified mortgages under §1026.43(e) of Regulation Z, lender indemnification, and refinancing provisions.

CFPB Greatly Expands Eligibility of Small Creditors Authorized to Use Balloon Payment and Escrow Exemptions for Loans in Rural or Underserved Areas

Published on Tuesday, March 29, 2016 in Client and Friends Memo

In the March 25, 2016 issue of the Federal Register (81 FR 16074) (click here), the CFPB published an interim final rule expanding eligibility for exemptions designated for small creditors operating in rural or underserved areas. These exemptions include eligibility to generate balloon-payment, higher-cost mortgages; qualified mortgages that contain balloon-payments and exemptions from required escrow accounts for higher-priced mortgage loans. This rule is implemented to comply with the Helping Expand Lending Practices in Rural Communities Act, which amended the Truth in Lending Act. The rule will become effective on March 31, 2016 and will amend 12 CFR part 1026 (Regulation Z)—in particular, paragraphs (b)(2)(iii)(A), (b)(2)(iii)(D)(1), and (b)(2)(iv)(A) of Section 1026.35 and the Official Interpretations to Sections 1026.35(b)(2)(iii) and (iv) and 1026.43(f)(1)(vi) and (f)(2)(ii).

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