Posted by Vince Barnes on 8/2/05 4:36pm
Msg #56480

Specific Q for state of FL

My question is for any experienced SA's in FL. Are you only meeting with the borrowers during a signing/closing? I have heard that some signings/closings have the borrowers real estate agent and the sellers and their representative. Is this correct or is that a different part of the loan process?
Thank you.

Reply by Charm_AL on 8/2/05 4:38pm
Msg #56481

That sounds like a purchase loan if the seller and RE agent are present. Different from a regular re-fi or heloc where only the borrower(s) are present. You should add to your fee for a purchase as you will have sellers signing docs and leaving them copies of what they sign as well as doing the borrower's closing.

Reply by Sylvia_FL on 8/2/05 4:39pm
Msg #56482

Usually just the borrowers.

Sometimes the LO will decide to attend, but I have only had this happen a handful of times.

Now, if it is a purchase there may be more people there.