SSPL Provider Address Difference

Posted By: Wonderofitall

SSPL Provider Address Difference - 08/19/21 08:43 PM

If we list Title Company A at 1234 Main St, Toledo, OH and borrower chooses Title Company A but at their another location in Toledo, OH do the title fees become Section B fees? In other words, does the address for the service provider matter on the SSPL if it's the same service provider?
Posted By: Dan Persfull

Re: SSPL Provider Address Difference - 08/19/21 08:59 PM

We disclose the "home" office address to avoid this issue.

To answer your question it would be my opinion the different address would not affect the fees.
Posted By: Compliance NABW

Re: SSPL Provider Address Difference - 08/26/21 08:48 PM

As long as Title Company A has the ability to provide services where the property and/or borrower are located, then I agree with Dan. The fees would still flow into Section B, as long as it is the same title company.