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Mortgage Connect misstep
Posted by  Yoli/CA of CA on 3/2/24 11:58am Msg #647900
On 2/29th, I received the following from them:

"To our Valued Vendors,

The Attached slides are the top 10 most common errors and rejects that are being identified on Spring EQ Closings.

Please take a moment to review these slides carefully so we can avoid these issues moving forward."

One of those slides was the Closing Disclosure Addendum and MC's instructions read: "If the package has a CD, the CD addendum will be included. Signing agent MUST Signand Date the Addendum to Closing Disclosure."

I found fault with that and sent them the following email: "QUESTION: CD Addendum signature line says “Settlement Agent” and certifies the accuracy of closing costs. Shouldn’t that document be signed by Title Settlement Agent as Notary/Signing Agent has no knowledge of how costs were gathered?"

March 1st blast email from MC: "We would like to apologize for the confusion when the Spring EQ guide was sent out yesterday. The below Addendum to Closing Disclosure was included in error. The Closing Disclosure Addendum is to be signed by the Title Company or Lender. Again, we apologize for any confusion this may have created.

Thank you,

Mortgage Connect, Vendor Management"

If you know your stuff and you see an error, it doesn't matter who they think they are. Let 'em know (politely)! Wink




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Messages in this Thread
 Mortgage Connect misstep -  Yoli/CA on 3/2/24 11:58am
 Re: Mortgage Connect misstep -  JanetK_CA on 3/2/24 3:36pm
 Re: Mortgage Connect misstep - SteveS/CA on 3/2/24 4:32pm
 Great job Yoli... n/m - CPNS2006 on 3/2/24 7:00pm
 Yep, goes to show you, even the bosses make errors -  Cheryl Elliott on 3/3/24 8:30am
 Re: Yep, goes to show you, even the bosses make errors -  Yoli/CA on 3/3/24 12:06pm



 
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