Encourage Your Clients to get Pre-Approved

We had a wonderful time last week during our Happy Hour, but don’t worry if you missed it – we’ll host another Happy Hour next quarter. In the world of mortgage banking, rates remain very steady, if not drifting downward. So, as the market starts to pick up, keep encouraging your clients to get pre-approved before making offers on their homes.

This week, in my desire to keep you updated with the CFPB changes that are coming up as of August 1st, I am passing along the new Seller’s Closing Disclosure (see attached and retain for your files). The question has been asked, “Does the Seller receive a Closing Disclosure in a residential purchase transaction that is covered by the new TILA RESPA Integrated Disclosure (TRID) Rule?”

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