Saturday, May 26, 2007

Problems at First American Title Loop...

Just when I was starting to be impressed by some of the upgrades and technology changes that First American had made, we had two closings last week where they didn't close until the next day. Granted, that happens and it's not all on the title company...end lenders likely deserve as much or more of the blame.

My bigger problem was that our attorney fee checks from these two closings could not be deposited immediately. For whatever reason the funds were not available. No big deal for us we just deposited them a day later but if you're in a back-to-back closing situation this could be a REAL BIG PROBLEM!!


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