Posted by Beverly Kinlaw on 8/20/12 8:09am
Msg #431094

Outsourcing???

Ok - may be in the dark ages on this but it seems that there are alot more pkg mistakes and communication issues happening in signings from TC and Mtg Co. Checking on doc status for a signing that was suppose to take place in less than a hour and the TC rep says that docs are being prepare in ____________country (not good old USA). Is this the case?
Are more and more TC and loan co outsourcing their work.

Reply by Les_CO on 8/20/12 9:47am
Msg #431099

Normally the title company only prepares some of the docs. Often the lender docs come from a doc-prep company (figures from lender) hired by the lender/title. (paid by the borrower as per HUD) Some these doc-prep companies are now offshore. JMO

Reply by HisHughness on 8/20/12 11:20am
Msg #431112

So can we now expect lender docs with a Kama Sutra slant?

Maybe they will expect us to explain the different positions possible on automatic deductions, or impound accounts? The illustrations on signing agent instructions should be most interesting.