Wells Fargo September 2015 - Refresher on Closing Requirements, Timeline for a Smooth Closing, More FAQs
Please see the September 14, 2015, edition of Settlement Agent Communications from Wells Fargo. It covers the following timely topics:
- Refresher on Closing Requirements and Wells Fargo Decisions You Need to Know | Wells will generate and deliver the borrower Closing Disclosure, the settlement agent will provide the seller Closing Disclosure; Wells will be using Closing Insight to exchange information with participating settlement agents.
- Target Timeline for a Smooth Closing | Tasks and key reminders beginning 15-days prior to the closing date.
- Have You Registered for RealEC's Closing Insight Yet? | The goal at Wells Fargo is for the Closing Insight process to become the standard for interaction between Wells Fargo and all settlement professionals who close Wells Fargo loans. ATG member agents, see Complete Your Registration Now...through Closing Insight for more information and instructions on how to register.
- More of Your Frequently Asked Questions | FAQs from previous editions, worth repeating.
Wells has been providing these updates as they develop their plan for implementing processes to adapt to the new TILA-RESPA Integrated Disclosures (TRID). Wells requests that we distribute their newsletter to our agent network:
Refresher on Closing Requirements, Timeline for a Smooth Closing, More FAQs September 14, 2015 |
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See previous Wells Fargo newsletters:
- TILA-RESPA Integrated Disclosure FAQs – June 3, 2015
- Wells Fargo Publishes New TILA/RESPA Information – March 16, 2015
- Wells Fargo Answers FAQ about TILA RESPA Integrated Disclosure Rule and Implementation Details – December 10, 2014
- Looking Forward in 2014 and Beyond – March 6, 2014
- Wells Fargo Speaks to New Closing Disclosure – June 23, 2014
- Wells Fargo Clarifies New Closing Disclosure – September 24, 2014
We look forward to helping you gain the tools you need to comply (see our ALTA Best Practices Information Center). We will continue to post information on this issue through the October 3, 2015, implementation and beyond.
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