Click any image below to view the video.
Latest video published 9/3/2019
- URLA Section 1: Borrower Information
Documenting the borrower’s personal identifying information and income from employment and other sources.
- Fundamentals of the Uniform Residential Loan Application
Authorization for the lender to start the mortgage packaging process
- Preparing for Meeting with a Lender
Use of the Mortgage Shopping Worksheet to compare all the mortgage variables occurring on origination and during the life of the mortgage.
- The Buyer’s Agent Becomes the Transaction Agent
Submission of a mortgage application to a private or institutional lender as the catalyst which sets the mortgage industry in motion.
- Funds Held in Escrow on Cancellation
Who has the right to receive funds deposited in escrow when escrow fails to close?
- Escrow Prorations
Credits or charges in escrow for a buyer’s or seller’s proportionate share of income or expenses involved in the ownership of the property being conveyed
- Modifying Escrow Instructions
Amending escrow instructions when an issue arises that is not addressed in the underlying purchase agreement or escrow instructions
- The Documents Work Together
The purchase agreement and the escrow instructions work in tandem to close a transaction
- Escrow Instructions
Bilateral and unilateral escrow instructions co-exist in California.
- Escrow Basics
The escrow process – in action