Re: I did the right thing calling title, borrower doesn't agree

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Re: I did the right thing calling title, borrower doesn't agree
Posted by Linda_H/FL of FL on 8/23/12 7:14am	Msg #431616

Not sure why title couldn't verify employment during the 3-day RTC and save the rate for the borrowrs.

Also - "So now will there need to be an extension on the rate lock which is no biggie I'm told" - maybe not - but could be a HUGE deal if this extension is going to cost the borrowers points (which IME I've seen extensions charged at a flat rate and have also seen them charged a percentage of a point). Depends on how badly the borrowers want this particular loan with this particular lender.

I think you were right in contacting title - think title could have handled it differently.

JMO

Messages in this Thread
	I did the right thing calling title, borrower doesn't agree - Linda_in_MI on 8/23/12 7:08am
	Re: I did the right thing calling title, borrower doesn't agree - Linda_H/FL on 8/23/12 7:14am
	I disagree - lindetteh_PA on 8/23/12 8:43am
	I think I would have completed the signing & told them - MW/VA on 8/23/12 8:59am
	Re: I disagree - ValleyGrl/VA on 8/23/12 9:02am
	Re: I disagree - Buddy Young on 8/23/12 9:50am
	BORROWER blew this - I agree with you, Linda A. - ReneeK_MI on 8/23/12 9:50am
	I agree with you, too, Linda H! lol n/m - ReneeK_MI on 8/23/12 9:55am
	You absolutely had to report to the title company - HisHughness on 8/23/12 10:19am
	Thank you! BO had signed saying form was accurate-it wasn't - Linda_in_MI on 8/23/12 1:27pm
	I agree with Hugh and how Linda handled the situation. n/m - Moneyman/TX on 8/24/12 5:54am
	As usual, Rene, perfect explanation!! n/m - sigtogo/OR on 8/23/12 12:57pm
	Speaking of employment verification, I'm due to sign my - MW/VA on 8/23/12 10:41am
	Kris who?? lol n/m - sigtogo/OR on 8/23/12 12:56pm
	That's interesting. n/m - Barb25 on 8/23/12 2:17pm
	I don't think you did do the right thing. - PegiT_MN on 8/23/12 12:59pm
	What ever happened to just sending back a note/email to - Barb25 on 8/23/12 2:24pm

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