SoftPro Blog

TRID Tip of the week

Written by SoftPro | 4/6/16 4:20 PM

Did you know that some of the issues we are seeing on the secondary market can be fixed at closing?

Investors are rejecting loans if the word "Title - " doesn't precede all title fees on the closing disclosure form.  (i.e. “Title – Settlement Agent Fee”).  There have even been some issues with not having a space in between “Title” and the hyphen.  The regulatory text has a space in the “Title -“.

Double checking the closing disclosure form at closing could help alleviate this issue post closing.