Good morning, y'all!
Our bank closed a construction loan at the end of February (2/27/20) and construction has begun. At the end of April, the title company's escrow agent reached out to the bank and asked us to do a revision to the Closing Disclosure. She was not entirely sure what she needed us to do and by the time she got back to us, it was May. However, the revision was to remove the OTP surrender in Section H. (For reference, what was in Section H was a $2 Owner's Policy Guaranty fee and -$211 in OTP surrender. The amounts that were on the FINAL CD were given to us by this particular escrow agent prior to closing and the CD showed these items in Section H on the final CD which she says she balanced to.) She is coming back again now and wanting us to give her another revision to add $209 to the CD in OTP surrender. So far the customer has not received any revised CDs because the escrow agent is telling us the one done in April/May was incorrect.
Since this seems to be a title company error and we are past our 30 and 60 day error revision times for a CD, I'm not sure where we go from here. Do we revise the CD? This changes the bottom line for the customer and I don't feel as if the bank should be changing the CD when the title company has made an error. There's a reason why there are 30 and 60 day error revision time periods and if you don't find your error within that time, it's not the customer's fault.
Thank you for any help or opinions!
Monica