Posted by ToniK on 11/26/12 11:18am
Msg #444625
Secure Settlement and Amerisave
From Source of Title:
Amerisave's New Closing Policy
It looks like they are backing off the use of Secure Settlement Settlemdent to vet already licensed Title Agents:
Earlier this year, we announced a change to our settlement agent review process. In the initial announcement, we notified clients that we would rely on a vendor, Secure Settlements Inc. (SSI), to review and certify settlement agents effective January 1, 2013. Since that time, there have been many developments in the industry and we would like to provide an update on how this will affect our launch plans.
We will postpone the implementation of our new evaluation process until further notice. The vendor has not been able to vet a sufficient number of settlement agents to support a smooth implementation of the initiative. We will continue to perform our existing in-house settlement agent vetting process which will enable you to close loans with Amerisave Mortgage Corporation without business interruption.
If a closing agent has already obtained certification through SSI, or does so in the future, we will utilize the certification as evidence of their compliance with Amerisave requirements and no additional documentation will be required until expiration.
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