Posted by rackelo on 5/14/07 2:43pm
Msg #190094

I'm new here

hello! I'm just getting started on doing closings in VA and MD. I'm getting a lot of conflicting information on what is required in VA in regards to licensing. Anyone have any input? I'm told yes a license is required then I'm told no it's not ... little frustrated so far... any input is welcome! Also, I have some contacts w/ title companies but I'd love any input on how to best get through to cold-calling new title companies.

Reply by TRG_wy on 5/14/07 3:10pm
Msg #190099

Welcome

Hope someone in VA can fill you in. Try using the orange search button at the top of the forum page too.

Reply by Sylvia_FL on 5/14/07 4:15pm
Msg #190117

Iam having a senile moment here - (Shut up PAW!!!), but I know you need some kind of license or something in VA if there are any funds due at closing, which you would need to obtain from the borrower, but I can't think of the name of it at the moment.

Also, you will need a title producers license to do closings in MD.

Reply by CopperheadVA on 5/14/07 4:37pm
Msg #190124

Yes, Sylvia's right. Use the orange search button for message #178060 for further explanation. You can also type in CRESPA on a search to find the info you are looking for.

Reply by Sylvia_FL on 5/14/07 5:10pm
Msg #190128

Thanks Copperhead:)

CRESPA - that is whatI was trying to think of!

Reply by Sylvia_FL on 5/14/07 5:12pm
Msg #190129

Re: I'm new here - sorry punctuation error!

I, of course, meant if there are any funds due at closing which you would need to obtain from the borrower.
Re-reading my message it sounds like I was saying you would need to obtain the license from the borrower.

Reply by rackelo on 5/14/07 6:26pm
Msg #190149

Re: I'm new here - sorry punctuation error!

Thanks so much everyone! That's what the state has told me today but everyone i know in "the biz" says no license required. I'll let them take that gamble and I'll get my license.