Posted by ME/NJ on 10/27/07 9:09pm
Msg #218619

FHA edoc packages over 200+ pages now

1 full ream of paper for FHA loans now, plus you need to print out the appraisal too. Just giving everyone something to think about when offered 15 dollar or lower edoc fee.

Paper cost alone can run you between 5-8 dollars.

Reply by pan/nd on 10/27/07 9:54pm
Msg #218623

Not the FHA ones I do .

73 pages including the title docs. Regular FHA re-fi..not streamline.

Bank of the West

Done in 20 minutes

Reply by LJ on 10/27/07 10:00pm
Msg #218624

I just did one and it was about 75 pages.

Reply by Kathy/ID on 10/29/07 9:38am
Msg #218740

I just did a FHA refi on Friday and it was 200+ for one copy. I did not have the appraisal in my package but was still a huge package. Took about 1.5 hours to go through. No questions about the loan either.

Reply by ME/NJ on 10/27/07 10:06pm
Msg #218626

Good for you guys.. My avg package size is 90-120 pages n/m

Reply by Sandra Clark on 10/28/07 1:32pm
Msg #218669

Re: Good for you guys.. My avg package size is 90-120 pages

Just did one on Thurs. and package was 196 pages.

Reply by christiSocal on 10/27/07 10:11pm
Msg #218627

Check to see if the borrower copies are in there too. A few places do it that way. Annoying if they don't warn you. (and you don't have time to check) 15$ still ain't enough though!!!

Reply by ME/NJ on 10/27/07 10:32pm
Msg #218629

I would think depending on the state the docs may vary in size (junk docs) and what legal wants from each state. I know we all have the basic docs, but I know of 10 forms just for NJ alone.

Reply by christiSocal on 10/27/07 11:58pm
Msg #218636

State specific docs

We have a couple here in Cali that amuse me. One basically says "It won't be a hardship to make the 1st payment". OK, what about the 2nd or 3rd, etc? They don't matter?
Also one that basically says- We'll tell on you if you don't make your payments.
I figure, someone sued someone-somewhere, so it's cover our tush time...

Reply by GWest on 10/28/07 11:17am
Msg #218661

Re: State specific docs

If you read that form, what it is stating that in case their first payment is in less than 30 days from funding (lenders like to give the Borrower at least 30 day before their first payment is due), this will not be a financial hardship. At lot of lenders will allow funding from 5-7 days into the month before they are required to redraw the loan documents. If this is the case the borrower may have extra payments they may need to make, therefore leaving them short when their first payment comes due.

Reply by Barb/MO on 10/28/07 11:50am
Msg #218663

GMAC FHA refi 73 pages done on Friday n/m

Reply by cal2az on 10/28/07 12:33pm
Msg #218667

Did one for 173 pages. I thought the borrower's copies were included, till I checked and found it was FHA. Now I try to remember to ask if it's FHA.

Reply by pan/nd on 10/28/07 6:46pm
Msg #218705

This is the biggest bunch of baloney.

There's no way in He** I'd stand for printing that many pages times 2 for whatever fee has been negotiated.

Either they ante up another $25 or the deal's off.

Most likely this is some SS wanting tripple copies of this, that and the other.

Doubt it's a Title Company that wants all that stuff..at least that's been my expierence.

Simply put, FHA loan packages are just not that big unless somebody is pumping way too much air into the balloon.

Reply by TBC/Fla on 10/28/07 7:21pm
Msg #218708

I'm in Fla. Every 1st mtg. closing I get is 100 pages Lender and Title Co. paperwork. Times 2 = 200 pages per closing. 2 years ago max was 65 pages x 2. Dang....