Tag: affiliated business arrangement

AfBAs And MSAs Are Bad For Consumers

Written by: Tyler J. Turner, Executive Director of the Utah Association of Title Professionals In a case of legislative railroading spurred on by national real estate brokerages, Utah lawmakers cast aside a longstanding consumer protection...

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The Closing Costs Calculator Company

With the exception of Federal Title & Escrow Company, nearly all major title companies write a check to real estate brokers or mortgage companies as a “Thank You” for the referral of business.  In some cases, the payment...

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A win for the consumer

We’d like to applaud Wells Fargo for announcing a move toward eliminating their role in the ABA/CBA marketplace. The bank announced last week that it would discontinue 8 joint ventures, according to a report in American Banker. We’ve...

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Borrower pays $2,000 for in-office closing?

Your refinance loan application has just been approved and your lender asks if you have a preference in selecting a title company. The borrower (name redacted) in the HUD-1 you see below answered “No” to this question and was...

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