Posted by barkaroni on 7/12/10 10:45am
Msg #344579

Bank of America closings

Just a quick question! If you do Bank of America closings on a regular basis, do you have to fax back numerous pages before sending paperwork back?

Reply by Moneyman/TX on 7/12/10 10:47am
Msg #344580

It depends upon the SS and/or TC. Some closings do, some don't. I charge extra for fax backs.

Reply by 101livescan on 7/12/10 11:36am
Msg #344583

BTW, what is the going rate for faxbacks these days? By the page or the assignment?

Reply by MW/VA on 7/12/10 11:47am
Msg #344587

That's a good one. LOL. One tc (New Millenium) pays a lower fee & doesn't pay for faxbacks at all. It's hard to determine what the "going rate" for anything is these days.

Reply by parkerc/ME on 7/12/10 2:15pm
Msg #344621

Just as a beginning point of reference, I called our local Staples in Feb to see what they charge for faxes (out of state): $2.00 for the first page and $1.50 for each succeeding page.

Reply by doglover/CA on 7/12/10 1:49pm
Msg #344617

For one title company office I do closings for, faxbacks for certain pages of B of A loans are expected only if the signing takes place in the evening. If the papers can be dropped off the same day as the signing before the day's pickup, it is preferred to fax back but you can drop off without faxing back.