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Re: Interesting..no pay for RON if Lender doesn
Posted by  BrendaTx of TX on 6/19/22 6:59pm Msg #640843
Lee, I don't know why TCs will set up a loan as a RON!

"Are you saying that the Title Co. sets it up with you as a RON, sends the docs for you to spend time 'tagging'....and then the Lender says "No way"?"

YES! That has happened once. And it has almost happened again and it has happened once to my biz partner in RON.

Why does it happen?

The signers feel they are too busy to go to the TC but the lender hasn't approved it.

Signers are out of town or plan to be out of town and pressure the title company to sign yesterday or while they are on vacay.

TC just needs to get it set up and move on to the next file but the lender has not approved it.

Maybe the local branch approves it but the underwriter doesn't. That is one excuse that I have been given.

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Messages in this Thread
 Rocked IPEN - cremevette on 6/18/22 9:11am
 Re: Rocket IPEN - cremevette on 6/18/22 9:12am
 Re: Rocket IPEN - cremevette on 6/19/22 7:47am
 Re: Rocked IPEN n/m -  MW/VA on 6/18/22 11:18am
 (oops). I've found that the cost of setting up & -  MW/VA on 6/18/22 11:19am
 I received the same call from AMROCK about IPEN. n/m - grapebed on 6/18/22 12:24pm
 I received the same call from AMROCK about IPEN. - grapebed on 6/18/22 12:36pm
 Re: I received the same call from AMROCK about IPEN. - ananotary on 6/18/22 4:45pm
 Title Source n/m - Linda_H/FL on 6/18/22 4:51pm
 Re: Title Source - ananotary on 6/18/22 4:55pm
 I have alawys believed that it was important to have a - grapebed on 6/18/22 8:14pm
 Re: Title Source - Linda_H/FL on 6/19/22 12:29pm
 Why IPEN & not RON. Cuz signers hate the tech/scared. - Lee/AR on 6/18/22 8:12pm
 That's what happened with me too, Lee - Linda_H/FL on 6/18/22 8:54pm
 Same here--most borrowers I speak with wouldn't trust an RON -  MW/VA on 6/19/22 10:28am
 There must be some borrowers that do trust RON - grapebed on 6/19/22 1:32pm
 Re: There must be some borrowers that do trust RON -  BrendaTx on 6/19/22 2:22pm
 Re: There must be some borrowers that do trust RON - Valiant on 6/19/22 7:34pm
 Re: There must be some borrowers that do trust RON -  JanetK_CA on 6/20/22 3:44pm
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. -  BrendaTx on 6/19/22 1:05pm
 Interesting..no pay for RON if Lender doesn't want it? - Lee/AR on 6/19/22 2:30pm
 Re: Interesting..no pay for RON if Lender doesn -  BrendaTx on 6/19/22 6:59pm
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. - grapebed on 6/19/22 4:39pm
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. -  BrendaTx on 6/19/22 7:14pm
 Excellent advice for those jumping into the RON market. -  JanetK_CA on 6/19/22 8:17pm
 Re: Excellent advice for those jumping into the RON market. -  Yoli/CA on 6/20/22 10:00am
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. -  Cheryl Elliott on 6/20/22 10:23am
 Re: Why IPEN & not RON. Cuz signers hate the tech/scared. - jnew on 6/20/22 11:29am



 
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