Posted by carol_Tx on 11/17/08 4:42pm
Msg #269923

Landam price dropping

Is there anyone else dealing with Landam reducing fees for Countrywide closings. Countrywide has one of the larges loan packet and we make copies for the borrower. Landam want to pay 85.00 for at home closings and 110.00 for HELOC. The base fee has always been 75.00 plus 25.00 for edocs. Countrywide closings are different because docs are rarely on time and if there is a cancellation you are not notified in a timely manner. Heloc must be done in a title, attorney or lender office, most of the time there is a conference rrom fee and lately they want to schedule late evening closing for HELOC for no additional fee. When I contact Landam regarding this, they just said they can find notaries to do this for less. In other words take it or leave it.

Reply by Therese on 11/17/08 4:57pm
Msg #269924

The Landam purchase loans I have been doing are $125.00 + edocs. This is what has been quoted on the good faith. Landam doesn't service their loans so it could go to a multitude of lenders. Unless you can agree to more from title then thats what they pay(granted your working directly).

Reply by jba/fl on 11/17/08 6:36pm
Msg #269934

It is not to your pay schedule, then leave it. n/m

Reply by Philip Johnson on 11/17/08 6:56pm
Msg #269939

Here it is $75.00 for edocs and somebody is doing them. n/m