Posted by Charm_AL on 4/4/06 2:16pm
Msg #110955

Progressive Closing and Escrow...g/b/u?....tia..... n/m

Reply by LauriecPA on 4/4/06 2:22pm
Msg #110961

Re: Progressive Closing and Escrow...g/b/u?....tia.....

Awesome! Good pay and it comes in about 3 weeks! The closings are usually Chase or Citibank, so simple, too!

Reply by Roger_OH on 4/4/06 2:33pm
Msg #110967

One of my favorites over the years... n/m

Reply by Anonymous on 4/4/06 3:21pm
Msg #110976

I have what maybe a small issue with Progressive Closing

which is Progressive REQUIRES three original mortgages/DOTs when the lender instructions call for only one mortgage/DOT. Progressive refuses to accept mere photocopies or even certified true copies. It MUST be three originals. What would happen if any of these extra and unauthorized originals were used in a fraudulent manner? Unlikely to happen but nonetheless a liability I am not willing to take on.

Reply by Jersey_Boy on 4/4/06 3:32pm
Msg #110978

To Anonymous 63.230.52.82

So if a person asked you to sign and notarize three copies of their power of attorney would you refuse? If a person asked you to sign and notarize three copies of their will would you refuse?

I don't understand your line of thinking refusing because they want three original copies of the mortgage/dot. You're not responsible for the content of the document... so what if they want extra copies. Maybe the have somebody in their post closing dept that has a habit of spilling coffee all over everthing each morning. Having an extra copy that they don't need is alot easier (and cheaper) than needing an original and not having one available.

Reply by Colonel_IA on 4/4/06 3:35pm
Msg #110981

Re: To Anonymous 63.230.52.82

My small issue is that this is a request from the TC not the lender. Aren't the TC and notary suppose to follow the lender's instructions not makeup their own instructions?

Reply by Jersey_Boy on 4/4/06 3:38pm
Msg #110982

Colonel

I follow the law first and then the instructions of the company that writes my check second.

I don't care the the lender says sign everthing in blue and the TC says sign in purple dinasaur blood. If the TC is paying me, then purple dinasaur blood it is... lol

Reply by PAW on 4/4/06 3:41pm
Msg #110984

Re: To Anonymous 63.230.52.82

It's the TC (or settlment company) that is responsible for the getting the DOT/mortgage signed, notarized and recorded. Besides that, often closing instructions from the lender to the title company will say a "certified copy" or "original duplicate" mortgage must be returned with the Note. Obviously, one original mortgage will go to recording.

Reply by PAW on 4/4/06 3:45pm
Msg #110985

Re: I have what maybe a small issue with Progressive Closing

How can an "extra and unauthorized original" be used in a fraudulent manner? Even if an "original duplicate" is recorded, it would simply displace the other "original". It would have a defect in that there would not be a one-to-one mortgage-to-satisfaction relationship that title search would have to resolve, but there would be nothing fraudulent about it. (Assuming that the "original duplicates" were in fact true duplicates, i.e. exact copies, except for the wet signatures and stamps.)

Reply by LauriecPA on 4/4/06 3:58pm
Msg #110988

Re: I have what maybe a small issue with Progressive Closing

I have had to print 3 copies of the mtg. for other title cos. when it was a closing for Chase. (not only Progressive.)

Reply by MB_NC on 4/4/06 3:53pm
Msg #110986

Re: One of my favorites over the years...

Mine too! They have always been good to me. Quick, easy closings and always very prompt with payment!!! Love hearing from them.