| Having worked for a a Title company as a closer back in 2002, I prepared the HUD and closed the loan. Remember those days? It was crazy. I ask the borrower if they have seen the HUD, if so they get the brief section description and then there is the investor, they just want to sign quickly. Those were the ones you had to be carefull not to make a mistake. The majority of closings involve people that need the full blown description of the docs. I do cover each line of the HUD (It may add 2 minutes to the closing). You control the closing by how you explain the docs. After explaining the HUD I give them a short blurb about every document. People want to know what they are signing. It helps the keep the BO focused. How many times has a Real Estate agent tried to take over a closing by pointing out this or that. I control the closing and it gets over sooner. And everyone is happy. Isn't that the ultimate goal. |
