How many of you got this letter on Friday?

 Amerisave Mortgage Corporation is changing our pre-closing policies to vet closing agents in all states through Secure Settlements Inc. Please read the attached documents.

Closing agents registering at https://securesettlements.com/ before 9/1/2012 will receive a discounted rate.

Amerisave Mortgage Corporation
One Capital City Plaza
3350 Peachtree Road 10th Floor
Atlanta, GA 30326

Then you read the FAQs about this change and you get this:

The fee is$299 per closing professional for one year of enrollment.Notaries and settlement company employees who do not handle trust funds [i.e. processors and notary signers], but only attend closings and manage documents,pay only $99 due to the nature of their limited services.

The review takes one to three days, assuming the application is fully completed.

Sounds to me like they would require our company to fork over $2,291.00 a year just to have the privilege to close their loans and be included in a database of names I have never heard about. Isn’t the licensing and regulation of title professionals the responsibility of the state Department of Insurance? This sounds more like an industry shakedown to me. Pay us this kickback annually or you won’t get our work.