Credit Cards Center Credit cards from our partners
Reply
Valued Member
Posts: 46
Registered: ‎09-08-2015
0

Closing Disclosure

Is Settlement Statement means the Closing Disclosure ? Does it needs to be signed and send back to title company who emailed or should be signed at closing table? 

Frequent Contributor
Posts: 352
Registered: ‎09-30-2016
0

Re: Closing Disclosure

I got a settlement statement at closing but didn't have to sign it.
In second year post 13 DC (12-28-15)
Entered garden 05-19-2017 CLOSED ON MY NEW HOUSE 5/17/17!!!!

Current Scores FICO 5/4/2: TU738 EQ732 EX697 Updated: May 17, 2017
Goal: 700's across the board! SO CLOSE!
Moderator
Posts: 10,322
Registered: ‎03-06-2010
0

Re: Closing Disclosure


juniebrunner wrote:
I got a settlement statement at closing but didn't have to sign it.

The name "settlement statement" may be called something else in your area. Here they are called ALTA's since oct 2015 when the CFPB  changed the process and many of the names of the paperwork.

 

They (the settlement statement/HUD/ALTA)  have to be signed and returned to the lender for review before the lender will allow the funds to be disbused by the title company or closing attorney. This is the paperwork that shows all of your costs + all of the credits + the seller's costs and proceeds.

Frequent Contributor
Posts: 352
Registered: ‎09-30-2016
0

Re: Closing Disclosure


StartingOver10 wrote:

juniebrunner wrote:
I got a settlement statement at closing but didn't have to sign it.

The name "settlement statement" may be called something else in your area. Here they are called ALTA's since oct 2015 when the CFPB  changed the process and many of the names of the paperwork.

 

They (the settlement statement/HUD/ALTA)  have to be signed and returned to the lender for review before the lender will allow the funds to be disbused by the title company or closing attorney. This is the paperwork that shows all of your costs + all of the credits + the seller's costs and proceeds.


When I was an escrow officer, we called them HUD 1's.  At that time you still had to sign them.  When I closed Wednesday I was given the SS, asked if it was in line with the CD I had signed, said yes and that was that.  Didnt have to sign it for them.    I only had to do a wet signature on the final closing disbursement that the lender had sent them.

In second year post 13 DC (12-28-15)
Entered garden 05-19-2017 CLOSED ON MY NEW HOUSE 5/17/17!!!!

Current Scores FICO 5/4/2: TU738 EQ732 EX697 Updated: May 17, 2017
Goal: 700's across the board! SO CLOSE!
Moderator
Posts: 10,322
Registered: ‎03-06-2010

Re: Closing Disclosure


juniebrunner wrote:

StartingOver10 wrote:

juniebrunner wrote:
I got a settlement statement at closing but didn't have to sign it.

The name "settlement statement" may be called something else in your area. Here they are called ALTA's since oct 2015 when the CFPB  changed the process and many of the names of the paperwork.

 

They (the settlement statement/HUD/ALTA)  have to be signed and returned to the lender for review before the lender will allow the funds to be disbused by the title company or closing attorney. This is the paperwork that shows all of your costs + all of the credits + the seller's costs and proceeds.


When I was an escrow officer, we called them HUD 1's.  At that time you still had to sign them.  When I closed Wednesday I was given the SS, asked if it was in line with the CD I had signed, said yes and that was that.  Didnt have to sign it for them.    I only had to do a wet signature on the final closing disbursement that the lender had sent them.


That's really odd that you didn't have to sign it. I attend several closings a month and they have to be signed here. The last closing I attended was last week and the ALTA had to be signed.  Maybe it is different by region?  I don't know. I am in a table funding state (Florida), so that might make a difference too. 

Valued Member
Posts: 46
Registered: ‎09-08-2015

Re: Closing Disclosure

My title company said I need to signALTA form at the closing table. I'm in IL state. Perhaps.. different state different rules.

Frequent Contributor
Posts: 352
Registered: ‎09-30-2016
0

Re: Closing Disclosure


StartingOver10 wrote:

juniebrunner wrote:

StartingOver10 wrote:

juniebrunner wrote:
I got a settlement statement at closing but didn't have to sign it.

The name "settlement statement" may be called something else in your area. Here they are called ALTA's since oct 2015 when the CFPB  changed the process and many of the names of the paperwork.

 

They (the settlement statement/HUD/ALTA)  have to be signed and returned to the lender for review before the lender will allow the funds to be disbused by the title company or closing attorney. This is the paperwork that shows all of your costs + all of the credits + the seller's costs and proceeds.


When I was an escrow officer, we called them HUD 1's.  At that time you still had to sign them.  When I closed Wednesday I was given the SS, asked if it was in line with the CD I had signed, said yes and that was that.  Didnt have to sign it for them.    I only had to do a wet signature on the final closing disbursement that the lender had sent them.


That's really odd that you didn't have to sign it. I attend several closings a month and they have to be signed here. The last closing I attended was last week and the ALTA had to be signed.  Maybe it is different by region?  I don't know. I am in a table funding state (Florida), so that might make a difference too. 


Table funding here too (Texas).  At least with the builders; their preferred lenders wire the money in advance, the buyer signs a certain stack; closer leaves the room to fax off to said lender for approval, then I signed all the other million pieces of paper. 

 

Who knows; no big.

In second year post 13 DC (12-28-15)
Entered garden 05-19-2017 CLOSED ON MY NEW HOUSE 5/17/17!!!!

Current Scores FICO 5/4/2: TU738 EQ732 EX697 Updated: May 17, 2017
Goal: 700's across the board! SO CLOSE!
Frequent Contributor
Posts: 407
Registered: ‎11-22-2013
0

Re: Closing Disclosure

Here in CA they made me sign the settlement statement provided by escrow and the CD provided by the lender at closing.

NFCU Cash Rewards | CSP | WalMart MC | Target Red Visa | Citi Costco | AMEX BCE

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.