CTC

[Anonymous]

My loan was conditionally approved and we submitted all conditions last week. Today, I received a call from LO, letting me know all conditions were cleared, however, the title company belongs to the seller, so an additional disclosure is needed and so it was escalated to underwriter supervisor. Anyone has any feedback or time frame, we were hoping to close this week.

[CreditInspired]

As the buyer, you could have selected your own title company. But of course this is another story.

What type of disclosure is needed?

[Anonymous]

The seller had a mandatory addendum, that the title company needed to be theirs. Not, sure she just told me an additional disclosure is needed, I’m guessing to diclose the relationship.

[Anonymous]

Apparently, it was just something internal. We got CTC today, closing package is being sent to TC, don’t have an actual date for closing, LO and TC are saying before Friday.