Received in a subordination from Bank of America which utilized their automated valuation program to calculate CLTV. Unfortunately, they are using the actual appraised value or the automated valuation program whichever comes in less. While this may not be new news, when the AVM is significantly less than the appraised value, well, the results can [...]

This video tutorial is about how to obtain a more complete picture of recorded documents against a home that you may be interested in. We do this by searching by parcel ID vs. searching only for a specific document. This way you will not alienate potential recorded documents that may be of interest to you [...]

Please see our post on lender subordinations. Bank of America subordination checklist has changed a bit, so it is updated today.

November Refi closing schedule: Last signing day is Tuesday,November 24th, for fundings on Nov. 30th. Borrower’s sign no later than November 24th for rescission period. Thanksgiving day does not count for rescission period nor does Sunday.

Saturday Night Live humorous video, but also quite the statement.

Here are some recent “zingers.” Borrowers signed on the line next to the one provided.  (resulted in a re-sign) Provide proof that the borrowers are not married. Slight variance in borrower signature from others. (resulted in a re-sign) Borrower to sign all doc’s in presence of a Notary (even those docs not requiring a Notary [...]