Posted by Les_CO on 7/9/08 4:40pm
Msg #254642

Silk Abstract

Anyone worked with Silk Abstract out of PA lately? I worked with them last year and no problem. So I take the job, and after the fact learn it is “Split the package Wednesday” Not only do they want most of the package faxed back to them, they want me to make copies of the signed lender docs and FedEx them to the lender, (after they review the faxes) and send the originals to them?! And they REQUIRE that I sign anywhere the “settlement agent” signs, on their behalf (like the HUD, etc. that I did NOT prepare) I said; you will get the faxed stuff today (this evening) and the FedEx Friday, and YOU can then fax whatever the lender wants to them so they can fund Monday. Why should I jump through all the unnecessary hoops? Their answer “It’s our policy” Just so you know if Silk calls you with a Wednesday job, quote at least $200

Reply by Lee/AR on 7/9/08 4:48pm
Msg #254643

Re: Silk Abstract--Not at my end of the swamp, but thanks fo

heads up! None for them recently, but last time there wasn't anywhere near as many hoops. Wondering... is this some Lender thing? And, if so, who? Actually, it really sounds like they've cut staff to save money & are just farming their work out to us. Hey, pay me & I'll do it! Do I get benefits, too?

Reply by Linda_H/FL on 7/9/08 5:24pm
Msg #254651

Did one for them about 3 weeks ago - no hoops at all

to jump through AND I got my check the other day - they overpaid me by $65 so I had to send it back...but I got paid quick!! I'll take all they want to send me..

Reply by Lee/AR on 7/9/08 5:25pm
Msg #254653

Now we really need to know who the lender is! n/m

Reply by Sandra Clark on 7/9/08 7:27pm
Msg #254674

Re: Now we really need to know who the lender is!

Countrywide Full Spectrum

Reply by Les_CO on 7/9/08 11:20pm
Msg #254718

Re: Now we really need to know who the lender is!

This particular loan was not Countrywide, however they (Silk) also do them, and want every doc signed by the borrower, or the notary faxed back. And this a Title company without a toll free phone or fax number....makes you wonder? If they can't afford a toll free phone, can they afford to actually pay the notary? They HAVE paid me in the past....but?

Reply by Sandra Clark on 7/10/08 8:10am
Msg #254738

Re: Now we really need to know who the lender is!

I've handled closings for Silk and the only ones that meet the requirements you have outlined is CW. So why not tell us who the other company is?

Reply by A_NY on 9/9/08 1:13pm
Msg #263697

DOES NOT PAY IF LOAN DOES NOT SIGN!

No trip fee, no print fee. NOTHING!