We want to know if there is a vendor or website our bank can utilize to quickly retrieve public records online from various Secretary of State offices, tax cards & tax bills to pay escrowed taxes, retrieve recorded real estate docs i.e. recorded Warranty/Quitclaim Deeds, MTG-DOT and AOR's. The majority of states have their records available online but behind a paywall where you have to pay for each individual page of each document. There's 25+ of us between Lending, Legal, and Compliance that need access at our bank to these docs. In my previous banking career, we utilized a website called NETRONLINE.com with a paid subscription but it appears it is no longer available. Is there a substitute?
Please explain the precautions which should be used when issuing a transferable letter of credit.
Why should we consider scanning documents before closing a commercial loan?
PMI Insurance, we are receiving contradictory views on how to complete the escrow block on the closing disclosure. What is your take on how the Closing Disclosure should be completed when the borrower is paying PMI and with no prepaid PMI?
Here is our problem. Our customer's house is barely in flood zone A but the insurance agent wrote it in zone X. The home equity loan is for $76,100 and the flood coverage is for $140,000. Are we ok or do I need to force place insurance in the correct flood zone?