If it is done *properly* it's supposed to be listed ... but that's pretty much only when you are paid directly, or if the signing service is paid directly.
Most of the time, though that never happens. It's usually combined in other fees as administrative services connected with Title.
I have seen it listed in all kinds of places... and I'm referring to the new form. I"ve seen it listed on line 808, as part of 1102, and listed in the 1300s freeform. Most of the time, it's not there at all, and just assumed to be a part of 1102, " settlement and closing fees" -- which doesn't say much.
I've had a couple of borrowers get pretty upset about it, actually. They wanted their settlement fees to be more itemized and they actually canceled the signing and said they wanted to see the actual fees delineated in the proper places, not combined. I mean, they wanted to know down to the shipping fees what they were paying for. I don't blame them. It's their money. They have the right to now. |
