Guides
How-tos on getting real numbers out of the tools you already run.
GuidesHow long does a mortgage servicer have to send a payoff statement to a title company?On a consumer mortgage, a servicer has seven business days after a written request to send a payoff statement to a title company.GuidesHow long does it take to get an HOA estoppel letter for a title company?There is no federal clock. Florida HOA and condo associations have 10 business days after a written request; other states set their own deadlines.GuidesHow should a title company verify payoff wire instructions?Call the servicer back at a number already on the file. A named person approves the payoff wires before the letter is posted or money is sent.GuidesWhat should a payoff request to a mortgage servicer include, for title agencies?A payoff request includes signed borrower authorization naming the agency, loan number, property address, payoff date, and where to send it.GuidesWhat to do when a mortgage servicer won't send a payoff letter before closing, for title agencies?Chase the servicer daily on the portal, fax and 1-800 already on the file. Have the borrower send a notice of error. Do not close on a verbal quote.