Posted by HisHughness on 12/24/11 3:44pm
Msg #407530

Does anybody have any explanation...

...why a closing packet would have 4 -- count 'em, <4> -- TILs? Other than a terminally anal document processor at the TC who has no understanding of the NSA's job and utterly no regard for either the NSA's or the borrowers' time.

Reply by ikando on 12/24/11 3:45pm
Msg #407531

or why some companies request twelve (12) copies of the RTC?

Reply by Linda Juenger on 12/24/11 4:08pm
Msg #407533

Or an occupancy aff and a primary residence. Or a signature aff and a name aff. Or Or Or.... gets more ridiculous as the days go by. Seeing some 180+ pkgs and its just plain idiotic.

Reply by Moneyman/TX on 12/24/11 5:01pm
Msg #407537

Because the employee handbook, page 5, says "Every outgoing closing package must contain 180 pages. We are not really that particular what the closing package actually consists of just as long as the total count is 180."

Maybe?

Reply by jba/fl on 12/24/11 4:18pm
Msg #407534

Yes, of course, it has long been held as

my theory that there is a new person at the TC on that particular day when I have a signing and that person has no one to ask, so they take one of every single paper from each of the stacks available to them. They include the "I live there as my primary residence", for example, in all investment properties. They are clueless and expect that the rest of the world will sort it for them somewhere alone the line.

JMHO

Reply by Buddy Young on 12/24/11 5:02pm
Msg #407538

I had that once also, I just fiured they included the buyers copies with mine.

When I printed both mine and the borrowers copies, I got four of everything. Of course they didn't tell me that the borrowers copies were included with mine.

Reply by JimAZ on 12/24/11 5:36pm
Msg #407539

Try an investment property re-fi with a page to be signed by the borrowers affirming they have carefully reviewed the "Right to Cancel" documents. Of course there was no RTC in the package.

Reply by Shoshana/AZ on 12/24/11 8:52pm
Msg #407542

The one I had yesterday had 6 TILS. I just return them signed as requested. However, for the borrower's copies I only provide 2 per person. The rest get shredded.

Reply by Virginia/PA on 12/25/11 3:24pm
Msg #407556

If I have the time and am able to visually catch such duplicates, I skip printing extra copies for borrowers whenever I can. I try to be green. Sometimes it takes too much time to pre-review a package to eliminate duplicates in borrowers' copies - but when I have time I try to do that. Also I try to stop printing blank pages. Takes paper but no toner. If I find one at the closing table I remove it from the lender docs, but I don't take the time to ask for the borrower to find a blank page in their packet. I hsd one this past week that due to being too busy to catch it, had 8 blank pages in the packet. WHY? I don't have that answer.

Reply by bob/IA on 12/25/11 8:13pm
Msg #407558

A blank page is often times your printer picking up 2 pages at once.

Reply by Shoshana/AZ on 12/25/11 8:22pm
Msg #407559

I make the time to go through the packet!

It only takes a few extra minutes and could save me some headaches later on. I just re-insert the blank pages into the printer drawer. Works just fine!

Reply by jojo_MN on 12/26/11 10:00am
Msg #407572

Re: Does anybody have any explanation...blank page

I always flip thru all documents before leaving my office. That way I can check for cut-off and blank pages. If I see a blank page, I will check the docs sent to me to see if it is blank also. If so, I will write "blank page" on it, but not print a copy for the borrower. That way, if a page was scanned upside down, they will know it was not me that missed a signed page. I will also make a note of it on my confirmation.

I twice had a companies tell me I missed signatures, only to find out it was a page scanned upside down. Now I check each time. If there is time, I contact the company in advance of the signing to see if it was blank or scanned upside down. That way, they will be able to send a new one. Another time, it was just a blank paper on there end.

Reply by PA_Notary_II on 12/26/11 8:51am
Msg #407566

If the terms of the loan vary in any way (amount of loan, fees and charges, interest rate etc) after the GFE is first disclosed the lender must re-disclose and that requires a new TIL. I had one that had 3 different TILs and that is what I was told when I inquired. 3 significant changes were made that necessitated 3 separate TILs.

Reply by Linda_H/FL on 12/26/11 9:02am
Msg #407569

I think the re-disclosure is required only if the

difference is over a certain percentage...

And that's only redisclosure BEFORE final closing/signing - not 3 TIL's at the table. And I also believe those redisclosures also trigger a waiting period for review and acceptance. Sounds like whoever told you this was a bit ill-informed.

JMO

Reply by Hart - Marilyn on 12/27/11 8:57pm
Msg #407655

Anytime there are changes in the figures during the couse of the processing of a mortgage loan a new TIL must be created.
As for 10 or 12 RTC, I have been told that they need that many to go to all the different departments in case the borrower DOES cancel.