Please add sections to this wiki with useful information about the process, so that people don't have to ask the same questions over and over, or scan the whole thread for answers!
Notary and closing
Here is what you can expect or ask for from my experience:
1. New pen for signing wiped thoroughly
2. Pen stays with you after signing
3. Only material they will touch would be your ID
4. ID would be wiped and returned back
5. Can expect gloves to be worn
6. Signing can happen in your front yard or in your garage
7. If you have a Costco table then you can sit on either sides to maintain distancing
8. Masks might be recommended given new guidelines
9. Plus discuss with the notary!!
expired Posted by Greenworld123 • Dec 8, 2019
Dec 8, 2019 2:27 PM
Item 1 of 1
expired Posted by Greenworld123 • Dec 8, 2019
Dec 8, 2019 2:27 PM
Amex offer: $2,500 statement credit for home refinance Better.com
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As a side note, I'm seeing some lenders test the water via quick Zillow searches back at 30 year 3.25 range.
Some are taking action. For example, United Wholesale, who is right on top of its data, noticed a small number of brokers who had prepayment speeds 3x-5x the rest of its broker base. Allen Beydoun, EVP, UWM Sales, informed this group that they will be held to a temporary 12-month Early Payoff Provision. UWM feels that this small group of brokers is hurting the prepayment speed story for all brokers, and decided to take a stand against it. I am sure that others will follow suit. UWM will reevaluate this group of brokers in a few months to see if they are more in line with the cohort. And to the best of my knowledge UWM didn't cut anyone off, nor worsen their pricing.
"Your account has been flagged for participating in refinancing practices that are having a negative impact on the entire wholesale market. As such, UWM will be implementing a 12-month EPO policy for all loans closed in your name from March 12, 2019, forward. From March 12, 2019, forward, all loans refinanced by you within 12 months of the funding date will require a full EPO. EPO will be required whether you refinance through UWM or not. UWM will reevaluate your refinance speeds on August 1, 2020, and January 1, 2021, and consider removing or revising this policy. Please understand that we must do what we feel is best for consumers and the mortgage industry as a whole." Makes sense to me.
Just a heads up to stay on these folks to perform their job functions even during a time like this. We all know things are harder right now... I'm stretched thin at work as it is also. Again, my refi is not that big... but I still remember wiring funds to buy my house (which was a short sale) and if it didnt go same day I would have lost the deal due to strict timelines imposed by the bank's turnaround requirements.
I figure there is no real recourse for most folks now if they experience a freak delay but just wanted to throw out the PSA on it if anyone is wiring to close. I have no intent to sue (not what im angling at) BUT I just wanted to warn others who are going through their process right now and would be angry enough to go that route.
And my current mortgage provider charges $30 a payoff quote. Since I made a payment not knowing if this loan would close, we will need another. My better.com processor said they would pick this one up - nice service!
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Well I'll hope it is... Im assuming Mr. Cooper but hey one can get lucky.
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30 year @ 3.375% funded on 2/26
Servicing transferred to Mr. Cooper on 3/10
No credit thus far
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