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#2050045 - 11/17/15 11:00 AM ARIZONA
luvs2trvl Offline
100 Club

Registered: 04/12/13
Posts: 109
Loc: Texas
Does anyone know of an Arizona law that requires mortgage lenders to provide realtors with updated status on loan files including disclosing non-public borrower information to them? We have a realtor who tried to tell our Loan Officer that it was a "new requirement under TRID" .

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#2050059 - 11/17/15 11:40 AM Re: ARIZONA [Re: luvs2trvl]
John Burnett Offline

10K Club

Registered: 10/27/00
Posts: 37160
Loc: Cape Cod
Your BS alarm should have gone off. LO response should be (perhaps in more polite terms): "Show me where it says so, and I'll be happy to consider your request." The TRID rule makes no such requirement.
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John S. Burnett
BankersOnline.com
Professional Compliance Nerd since 1976
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#2050082 - 11/17/15 12:30 PM Re: ARIZONA [Re: luvs2trvl]
luvs2trvl Offline
100 Club

Registered: 04/12/13
Posts: 109
Loc: Texas
Thanks John. It appears that they have written some "clause" into their contract and scribed a 2 page document (checklist) that requires the lender's signature. We're most likely not going to buy into this as there is a Q & A on the Arizona Association of Realtors website that says the lender's aren't required to complete the form - the buyer can complete a portion and meet their contract requirement. What's next with the realtors?

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