AIP - Norman Spencer
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5/21/2019 7:03:17 PM (938 views)

[+] Lifeline Abstracts - latichia lee/DC (19 replies)
5/20/2019 10:19:05 AM (1071 views)

[+] E&O possible rate increase - Sheila Sten/PA (16 replies)
5/20/2019 8:17:58 AM (803 views)

[+] Filing Assignments years after foreclosure... - Rita Killary/NY (8 replies)
5/17/2019 11:04:27 AM (651 views)

[+] Abstract Settlement - No pay - Terri Hoops/PA (6 replies)
5/17/2019 8:22:09 AM (589 views)

AccuSearch Company

[+] Beware Fraudulent Activities - David King/VA (12 replies)
5/14/2019 3:27:32 PM (1002 views)

[-] Comment on "WFG Lender Services Announces "Five-Second" Title Report" - Source of Title/OH (4 replies)
5/14/2019 1:23:02 PM (739 views)
Wait. What? - F P/VA
5/14/2019 1:23:02 PM (830 views)
Re: Comment on "WFG Lender Services Announces "Five-Second" Title Report" - Jay Duncan/MO
5/16/2019 9:06:50 AM (742 views)
Five-Second" Title Report is Possible - Bobbi Shorthouse, Notary Public/CT
5/16/2019 9:41:04 AM (740 views)

I remember many years ago the law firm I was with had almost all our residential purchase clients happily come in bringing their "same day mortgage commitment" from a large state-wide bank - ready to close on their new home ASAP; schedule our closing now please.  For almost two years, his bank cornered the residential mortgage market  with it's "same day commitment," other banks couldn't or wouldn't compete with that.

 (With a smile) Then I read the second to the last page (not the page they signed, rather the page they didn't read) to the borrowers, it contained the "subject to" paragraph.  The "written commitment" was subject to an appraisal, subject to a lender's title insurance policy commitment, subject to verification of employment, etc.  What we in the industry started calling the "un-commitment."

So I see a 5-second title report as a possibility, with a one-page attachment that includes a standard list of "subject to," such as verification that there are no outstanding tax, sewer, water, judgment and other liens.

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Re: Comment on "WFG Lender Services Announces "Five-Second" Title Report" - george Hubka/MI
5/20/2019 6:25:40 PM (545 views)

[+] Fee Schedule Updates - Lisa Blankenship/SC (5 replies)
5/9/2019 12:45:43 PM (1058 views)

[+] Interesting Article but... - Jay Duncan/MO (7 replies)
5/2/2019 2:50:30 PM (1277 views)

[+] Retainer? - Shannon Budziak/VT (4 replies)
4/29/2019 3:38:36 PM (602 views)

[+] Anyone know of this company - Karen Knuth/NY (4 replies)
4/26/2019 5:54:26 PM (1512 views)

[+] Abstracting Software - Wendi See/SC (8 replies)
4/23/2019 2:16:48 PM (1110 views)

[+] NO PAYMENT - Sara Tressler/PA (2 replies)
4/23/2019 12:15:55 PM (1090 views)

NO PAYMENT - Sara Tressler/PA
4/22/2019 5:03:28 PM (763 views)

[+] NationalLink LP - Michael Vernon/AZ (4 replies)
4/19/2019 4:50:49 PM (1159 views)

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